Gausium, a Chinese robot vacuum maker previously known as Gaussian Robotics, is likely to apply for an initial public offering in Hong Kong next year, said founder and chief executive Edward Cheng.
But Cheng refused to disclose the amount of funds Gaussian plans to raise, citing confidential information.
Gaussian, the first profit-making Chinese cleaning robot maker, aims to display higher profits when submitting the application, said Cheng, explaining that Hong Kong investors seem to value earnings more.
When asked about the possibility of leveraging Hong Kong Exchanges and Clearing's new listing channels, which lower commercialization and profitability barriers and allow secret application for specialist tech companies, Cheng said the robot maker will consider these approaches.
For this year, Cheng disclosed that Gaussian targets at selling 20,000 units of cleaning robots, up by 40-50 percent from one year ago.
Despite escalating global trade barriers, Cheng sees Europe and North America as major markets. He said there are "some ways to bypass", but refused to unveil his approaches.
