Chinese robotics and smart home appliance maker Dreame Technology is reportedly considering an initial public offering in Hong Kong, potentially as soon as next year. Bloomberg, citing people familiar with the matter, says the company is in discussions and working with advisers to prepare for a possible listing. The outlets also indicate the company could raise several hundred million dollars, though terms and timing are not confirmed. Dreame is known for manufacturing robot vacuum cleaners and a range of other smart home products, including lawn mowers and pool cleaners. The reported interest in an IPO in Hong Kong aligns with broader activity in which Chinese technology firms seek public listings in the region. As of now, there is no official announcement from Dreame regarding whether it will proceed with an IPO, the expected size of the offering, or the exact timetable. Both sources frame the story as a consideration under discussion rather than a finalized plan.
Dreame Technology reportedly considers Hong Kong IPO
Chinese robotics and smart home appliance maker Dreame Technology is reportedly considering an initial public offering in Hong Kong, potentially as soon as next year. Bloomberg, citing people familiar...
- Dreame Technology, a Chinese robot vacuum and smart home appliance maker, is reportedly considering a Hong Kong IPO.
- Bloomberg says the IPO could happen as soon as next year, though timing is not confirmed.
- The company is reportedly working with advisers on the potential listing.
- The reported fundraising target is several hundred million dollars, depending on deal terms.
- Dreame makes robot vacuum cleaners and other products such as lawn mowers and pool cleaners.
Dreame Technology, a Chinese maker of robotic vacuum cleaners, lawn mowers, and pool cleaners, is considering a Hong Kong initial public offering as soon as next year, according to Bloomberg. The company is working with advisers and could raise several hundred million dollars. The potential listing would add to a surge of Chinese tech companies choosing Hong […] This story continues at The Next Web
2 months agoDreame Technology, a Chinese maker of robotic vacuum cleaners and other smart home appliances, is considering a Hong Kong initial public offering as soon as next year, people familiar with the matter said.
2 months ago
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