Developer of 3D cameras and AI software for robots raises target by US$100 million amid investor enthusiasm
[initial public offering (IPO)](https://www.scmp.com/topics/ipo?module=inline&pgtype=article)as soon as next week amid a boom in
[artificial intelligence](https://www.scmp.com/topics/artificial-intelligence?module=inline&pgtype=article)-driven
roboticsthat has lifted investor enthusiasm, according to people familiar with the matter.
The Meituan-backed company has started gauging interest for a listing that could raise about US$300 million, up from a US$200 million target a year ago, with its debut expected in early September, the people said.
The firm, based in Xiongan New Area in northern China’s Hebei province, passed its listing hearing with bourse operator Hong Kong Exchanges and Clearing (HKEX) last week, clearing the final regulatory hurdle for a Hong Kong listing.
AgiBotand X Square Robotalso eyeing listings in the city. Shares in
Unitree Roboticsinitially surged 629 per centin their debut in Shanghai on Wednesday.
The filing showed that Mech-Mind remained loss-making, with an adjusted net loss of 109 million yuan (US$16 million) in 2025, narrower than its 214 million yuan loss in 2024. It expected continued losses this year due to heavy spending on research, development and sales, the filing said.
The China Securities Regulatory Commission approved the company’s plan to issue up to 27.48 million overseas ordinary shares on August 7.