Mech-Mind (Xiong'an) Robotics Technology Co., Ltd. cleared the Hong Kong Stock Exchange listing hearing on Aug. 16, 2026, becoming the first company to file from Xiong'an and pass the process. China’s Securities Regulatory Commission approved the company on Aug. 7, clearing the last major regulatory hurdle before premarketing activities were expected to begin during the week of Aug. 18. Mech-Mind is preparing an IPO targeting roughly $300 million, or about HK$2.34 billion, up from an earlier plan of about $200 million in September 2025. Founded in 2016 by a Tsinghua overseas returnee team, the company moved its registered domicile to Xiong'an in 2024 and became the first unicorn enterprise in the Xiong'an New Area. Focused on AI, 3D vision and robotics, Mech-Mind said it developed the Mech-GPT multimodal large model and an Eye-Brain-Hand full-stack technology system. Revenue reached 106.9 million yuan in the first quarter of 2026, up 73.09% from a year earlier, while its net loss narrowed 19.47% to 56.83 million yuan. Revenue rose from 181 million yuan in 2023 to 389 million yuan in 2025, and adjusted net loss narrowed to 109 million yuan. Overseas revenue accounted for 50.3% of total revenue in 2025. The company said it ranked first globally in AI and 3D vision-guided general-purpose intelligent robot components in 2025, with a 22.1% market share. Mech-Mind has previously said it deployed more than 27,000 units for customers including CATL, BYD, Toyota and BMW; the latest report cites more than 24,000 units across nearly 50 countries. Earlier investors named in financing rounds include Qiming Venture Partners, Intel Capital, Meituan, IDG and Sequoia China.