Dobot, the Shenzhen collaborative-robot maker that already leads the world in shipments, is pushing toward an A-share listing on the Shenzhen Stock Exchange’s ChiNext board. The move turns the company into one of the clearest cases of how Chinese hard-tech firms are stacking Hong Kong and mainland listings to fund the next phase of robotics scale-up.
From Hong Kong back to Shenzhen
Dobot listed in Hong Kong in December 2024, raising a net 681 million Hong Kong dollars for research into intelligent collaborative robots, production capacity and overseas channels. It later completed two H-share placements worth about 1.8 billion Hong Kong dollars, steering much of that into embodied-AI development.
The return-to-A-share path opened after a 2025 policy allowed Greater Bay Area firms already listed in Hong Kong to list on the Shenzhen exchange. Dobot confirmed the plan in December 2025, finished IPO tutoring in April 2026, and saw its ChiNext application accepted just 17 days after a new ChiNext reform document was released. The regulator scheduled its listing committee review for late July.
What the money is for
This time Dobot plans to raise 1.2 billion yuan. After fees, 550 million goes to multi-legged robot R&D and industrialisation, 250 million to a humanoid-robot technology upgrade, 100 million to sales and marketing, and the remaining 300 million to working capital. The two capital rounds now reinforce each other, building a funding base that runs from collaborative robots up to humanoid and multi-legged embodied systems.
The timing is strategic. When JAKA’s STAR-market IPO was terminated in December 2025, Dobot edged within a step of claiming the title of the A-share market’s first collaborative-robot pure play. For Shenzhen’s robotics cluster, the story is familiar: convert demonstration-stage momentum into capital and scale faster than almost anywhere else.
Read the original report (OFweek Robotics)
Translated and adapted from OFweek Robotics (robot.ofweek.com).