Humanoid Robot Maker Galbot Said to Pick Banks for 2026 Hong Kong IPO

Galbot, a Chinese manufacturer of robots with human-like characteristics, is considering an initial public offering in Hong Kong next year, according to people familiar with the matter.

Beijing Galbot Co., Ltd., as the developer is formally known, has picked Citic Securities Co., Huatai Securities Co. and UBS Group AG to work on the share sale, the people said, asking to not be identified because the information is private. An application might be filed to the Hong Kong stock exchange as soon as next quarter, they said, adding that deliberations are ongoing and details could change.