--- title: "Shenxing AI starts its IPO today, the \"first stock of robot brains\" is about to list on the Hong Kong Stock Exchange" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/41862334.md" description: "On June 15, 2026, Shanghai Xian Gong Intelligent Technology Co., Ltd. officially launched its IPO, planning to list on the Main Board of the Hong Kong Stock Exchange on June 24, with the stock code "06106.HK". This means the highly anticipated "first brain of robots stock" is about to be born. The issue price for this IPO is HKD 101.60 per share, with a pre-green shoe offering size of HKD 1.067 billion, corresponding to a market capitalization of approximately HKD 11.227 billion. Xian Gong Intelligent's cornerstone investor lineup is quite impressive..." datetime: "2026-06-15T02:38:19.000Z" locales: - [en](https://longbridge.com/en/topics/41862334.md) - [zh-CN](https://longbridge.com/zh-CN/topics/41862334.md) - [zh-HK](https://longbridge.com/zh-HK/topics/41862334.md) author: "[朝阳资本论](https://longbridge.com/en/profiles/26763750.md)" --- # Shenxing AI starts its IPO today, the "first stock of robot brains" is about to list on the Hong Kong Stock Exchange On June 15, 2026, Shanghai Xian Gong Intelligent Technology Co., Ltd. officially launched its IPO, planning to list on the main board of the Hong Kong Stock Exchange on June 24, with the stock code "06106.HK". This means the highly anticipated "first stock of the robot brain" is about to be born. The IPO issue price is set at HKD 101.60 per share, with a pre-greenshoe offering size of HKD 1.067 billion, corresponding to a market capitalization of approximately HKD 11.227 billion. The cornerstone investor lineup for Xian Gong Intelligent is impressive. HHLRA (Hillhouse) as the lead cornerstone investor subscribed for HKD 118 million, while eight other institutions including Yuanbao, 3W, GF Fund, Ruihua Investment, Zhonghe Capital, Yishao, and ACCF Capital subscribed for a total of HKD 462 million, accounting for 43.34% of the total offering. Prior to the IPO, the company had already gained recognition from well-known industrial and financial investors such as GLP Hidden Hill Capital, China Growth Capital, Ecovacs, IDG, SAIF Capital, and Hongtai Fund. As a platform-based embodied intelligent robotics company, Xian Gong Intelligent focuses on the "robot brain" intelligent robot control system as its core business. According to data from CIC, from 2023 to 2025, the company ranked first globally in sales of intelligent robot controllers for three consecutive years, with its global market share rising to 25%. In 2025, its global sales ranking in the industrial intelligent robot market rose to second place. In the same year, the company's controller shipments exceeded 12,000 units, a year-on-year increase of about 70%, while operating revenue grew by over 30% year-on-year. The controller gross margin exceeded 80%, and the overall gross margin reached 47.4%, demonstrating strong growth momentum driven by core technology. Xian Gong Intelligent has consistently adhered to the real-machine data route, having cumulatively shipped tens of thousands of different types of intelligent robots, covering humanoid robots, robot dogs, embodied forklifts, and composite robots, among others. These have been successfully deployed in over 1,000 factories across more than 20 industries including 3C, automotive, new energy, and semiconductors. The company applies end-side E2E models and VLA models to its embodied intelligent products, building a data flywheel system of "deployment → data feedback → closed-loop training → model iteration," forming a competitive barrier that is difficult to replicate. The company's founder, Zhao Yue, has led his team to win the world championship of the RoboCup robot soccer competition three times. Co-founders Ye Yangsheng and Wang Qun are both core members of the championship team. Since its establishment in 2020, Xian Gong Intelligent has pioneered the world's first large-scale open platform for intelligent robots, enabling rapid delivery of over 2,000 robot SKUs, serving more than 2,100 customers, with a repeat customer purchase rate exceeding 60%. Analysts point out that embodied intelligence is on the eve of an industrial explosion. With its deep integration of real data, scenario deployment, and model capabilities, Xian Gong Intelligent, as the "first stock of the robot brain," listing in Hong Kong is expected to bring a scarce investment target to the capital market.$SEER TECH(06106.HK) ### Related Stocks - [603486.CN](https://longbridge.com/en/quote/603486.CN.md) - [06106.HK](https://longbridge.com/en/quote/06106.HK.md) - [00388.HK](https://longbridge.com/en/quote/00388.HK.md) - [80388.HK](https://longbridge.com/en/quote/80388.HK.md) - [HKXCY.US](https://longbridge.com/en/quote/HKXCY.US.md)