Chinese autonomous driving company UISEE Technologies has raised about HK$870 million ($111 million) in a Hong Kong initial public offering, adding to signs of improving investor appetite for AI-linked technology listings in the city.
The Beijing-based company began trading on the Hong Kong Stock Exchange last week under stock code 1511.HK after selling about 14.46 million shares at HK$60.30 apiece.
UISEE develops Level 4 autonomous driving systems for commercial and industrial settings, including airports, factories, logistics hubs, and industrial parks.
Its listing comes as Hong Kong seeks to rebuild its IPO pipeline by attracting artificial intelligence, automation, biotech, and other specialist technology companies.
Unlike robotaxi-focused autonomous driving startups, UISEE has concentrated on controlled or semi-controlled environments where deployment can be commercialized more quickly.
The company’s technology is used in areas such as airport ground handling, factory logistics, and industrial transport.
That positioning gives UISEE a clearer revenue path than some consumer-facing autonomous driving firms. However, the company remains loss-making as it continues to invest in research, deployment, and market expansion.
The IPO highlights a broader shift in Hong Kong’s capital markets, where investors are showing renewed interest in frontier technology companies after several subdued years for Asian tech fundraising.
The city has been trying to strengthen its role as a listing venue for Chinese and regional technology firms amid tighter scrutiny of overseas listings and more cautious private-market funding.
UISEE’s debut also comes as AI infrastructure, industrial automation, and autonomous mobility draw increasing attention from investors looking for companies with practical applications beyond generative AI.
Hong Kong’s IPO market has shown signs of recovery this year, helped by technology and AI-related offerings. The trend could provide another route to liquidity for venture-backed companies in China and the wider region, particularly as private funding remains selective.
UISEE’s IPO reflects how AI and automation firms are turning to public markets in Asia to fund commercialization, while Hong Kong positions itself as a preferred venue for next-generation technology listings.
