Shenzhen-based robotics firm X Square Robot has reportedly submitted a confidential filing for an initial public offering (IPO) in Hong Kong. According to two sources familiar with the situation, the company has selected Huatai Securities and Morgan Stanley to act as sponsors for the potential stock market debut.

This move places X Square Robot among a growing number of Chinese technology companies attempting to raise capital through public markets. The trend persists even as the industry faces pressure from new trade restrictions imposed by the United States. The company is not acting alone in this strategy; other domestic competitors, including AgiBot and Galbot, have also reportedly submitted confidential filings for Hong Kong listings recently.

While the filing process is currently confidential, the move signals a significant push for expansion within the Chinese robotics sector. The involvement of major financial institutions like Morgan Stanley suggests a high level of institutional interest in the sector's growth, despite the complex geopolitical environment surrounding Chinese tech firms. There is currently no official confirmation from X Square Robot regarding the specific timeline or the amount of capital the company intends to raise through the offering.