(Bloomberg) — Hurwa, a Chinese developer of medical robots used in surgeries, is considering an initial public offering in Hong Kong that could raise about $200 million, people with knowledge of the matter said.
The Beijing-based company is working with China International Capital Corp.
and CMB International Capital Corp. on a potential listing as soon as this year, the people said, asking not to be identified as the information is private. Hurwa is valued at 8 billion yuan ($1.3 billion) to 10 billion yuan, the people said.
The company, which was founded in 2018, is also seeking to raise $50 million to $80 million in a pre-IPO private funding round, one of the people said.
Deliberations are preliminary and details such as size and timing could change, the people said.
Representatives for Hurwa, CICC and CMBI didn’t immediately respond to requests for comment.
A competitor, Shanghai Microport MedBot Group Co., raised about $200 million in a Hong Kong listing last year.
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