Dobot (越疆科技), the world’s top collaborative-robot vendor by sales and a Shenzhen-based company, is closing in on a ChiNext (创业板) listing. Its IPO application was accepted by the Shenzhen Stock Exchange just 17 days after Beijing published a reform opinion supporting innovative firms on the board, and was scheduled to go before the listing committee for review on July 22. With JAKA Robot’s STAR-market IPO terminated in December 2025, Dobot stands to claim the title of “China’s first A-share collaborative-robot listing.”
The policy window is real: a 2024 opinion let Greater Bay Area firms listed in Hong Kong seek Shenzhen listings. Dobot, which listed on the HKEX in December 2024, became the Bay Area’s first H-share-to-A-share case, formally announcing the Shenzhen plan in December 2025 and completing IPO tutoring in April 2026.
What the raise is for
Dobot’s ChiNext offer aims to raise RMB 1.2 billion. After fees, RMB 550 million goes to multi-legged robot R&D and industrialisation, RMB 250 million to humanoid-robot technology, RMB 100 million to marketing, and the remaining RMB 300 million to working capital. That stacks with its Hong Kong raise — a net HK$681 million IPO plus two H-share placements totalling about HK$1.8 billion — forming a complete funding arc from collaborative robots up to humanoid and multi-legged embodied intelligence.
The H-share proceeds funded frontier cobot R&D, capacity expansion, M&A and overseas sales. The two capital-market rounds now reinforce each other, building the financial backbone for Dobot’s leap from collaborative arms to full embodied-intelligence robotics.
Translated and adapted from OFweek Robotics (https://robot.ofweek.com/2026-07/ART-8321202-8120-30694825.html).