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StocksMedium•22 June 2026•

1 min read

SoftBank-Backed Robotics Firm Coowa Prepares for Hong Kong IPO

Key Facts

1SoftBank-backed robot maker Coowa is preparing for an initial public offering in Hong Kong.

2Coowa's valuation exceeded $3 billion after raising over $600 million in its latest funding round.

Reflecting growing investor confidence in the AI and robotics sector, SoftBank-backed Coowa is reportedly preparing for an initial public offering on the Hong Kong Stock Exchange. This move follows a successful funding round where the company raised $600 million, pushing its valuation beyond the $3 billion mark. The company aims to utilize the IPO proceeds to expand its footprint in the unmanned retail and AI robotics markets.

Version History

2 additional sources confirmed this story

This listing comes as the Asian tech sector experiences a resurgence in IPO activity, with robotics firms capitalizing on the global demand for automation. Compared to peers, companies like UBTECH Robotics saw significant interest during their Hong Kong debuts last year, setting a positive precedent for Coowa. Per market data, a successful IPO would provide a valuation boost to SoftBank’s Vision Fund portfolio, which remains heavily weighted toward frontier technologies.

Traders should monitor SoftBank (9984.T) shares, which stood at 7352 JPY at close on June 22, 2026, after hitting an intraday high of 7394 JPY. Looking ahead, the Bank of Japan's monetary policy statement and interest rate decision on June 16 serve as critical catalysts that could influence broader market sentiment and the valuation of major tech holdings.