On December 11, 2025, CiDi formally opened subscription for its Hong Kong IPO, which can run till December 16. The corporate plans to record on the Hong Kong Inventory Alternate Principal Board on December 19 below the inventory code 3881, positioning itself to turn out to be Hong Kong’s first listed autonomous-driving firm centered on business automobiles.
CiDi intends to situation 5,407,980 H-shares within the IPO, together with 270,400 shares for the Hong Kong public providing and 5,137,580 shares for worldwide placement. The supply worth is ready at roughly US$34 per share, giving the corporate a valuation exceeding US$1.5 billion.
The IPO has attracted a powerful lineup of cornerstone buyers, together with ICBC Credit score Suisse, Lianfa Shares, and state-owned capital from Xiangjiang and Nanning, which collectively subscribed for over US$70 million. CiDi can be backed by well-known buyers equivalent to Sequoia China and New Ding Capital, with three of them acknowledged as industry-leading skilled buyers below Chapter 18C.
Based in 2017, CiDi focuses on autonomous-driving options for closed industrial situations, having delivered the world’s largest mixed-fleet autonomous mining truck operation. In 2024, it ranked third in China’s autonomous mining truck answer market.
In response to monetary disclosures, CiDi recorded a compound annual income development charge of 263.1% from 2022 to 2024. Income for the primary half of 2025 reached US$52.43 million, practically matching its full-year 2024 efficiency. Its gross margin continues to enhance, and internet losses are narrowing.
The corporate plans to allocate 55% of IPO proceeds to R&D, 15% to commercialization, 20% to provide chain integration, and 10% to working capital.
Elevate your perspective with NextTech Information, the place innovation meets perception.
Uncover the newest breakthroughs, get unique updates, and join with a world community of future-focused thinkers.
Unlock tomorrow’s developments as we speak: learn extra, subscribe to our e-newsletter, and turn out to be a part of the NextTech neighborhood at NextTech-news.com
