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BrainCo, one of China’s so-called “Hangzhou Six” technology startups, has confidentially filed for an initial public offering in Hong Kong, Bloomberg reported, citing people familiar with the matter.
The Hangzhou-based unicorn specialises in non-invasive brain-computer interface technology and has appointed UBS and China International Capital Corporation (3908) as sponsors for the listing, which could raise several hundred million US dollars, the report said.
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The “Hangzhou Six” refers to a group of high-profile startups that also includes DeepSeek, Unitree Robotics, Deep Robotics, Game Science and Manycore Tech, which have drawn investor attention for emerging from the eastern Chinese tech hub.
Among them, Manycore Tech has filed twice for a Hong Kong listing and is still awaiting regulatory approval, according to public disclosures.
Separately, BrainCo has recently completed a fundraising round of about 2 billion yuan (HK$2.23 billion), the people said.
