Dreame Technology Plans Hong Kong IPO, Eyeing Hundreds of Millions of Dollars as Early as Next Year
Claire Weston
Chinese robot-vacuum maker Dreame Technology is considering a Hong Kong IPO as early as next year, potentially raising hundreds of millions of dollars. The shift from a previously reported U.S. listing signals a broader rerouting of Chinese tech capital toward Hong Kong.
What is Dreame planning?
Bloomberg reports, citing people familiar with the matter, that Dreame Technology is weighing an IPO in Hong Kong as early as next year.
The potential raise is in the hundreds of millions of dollars, but deal size and timing are still under discussion and could change.
Dreame is already working with advisers; the company did not respond to requests for comment.
What kind of company is Dreame?
Founded in 2017, Dreame makes robot vacuums, robotic lawn mowers, pool cleaners, hair dryers, and air purifiers.
It operates over 4,000 retail stores globally. This means → it has moved well beyond an online-only brand into brick-and-mortar distribution.
In 2021 it closed a 3.6 billion yuan (roughly $530 million) Series C round led by China Renaissance Growth Capital and CPE. Investors included an arm of Country Garden, the distressed property developer.
Why the switch from New York to Hong Kong?
Bloomberg reported in 2024 that Dreame was considering a U.S. listing; the company has now turned to Hong Kong instead.
This reflects a structural shift in how Chinese tech firms choose their listing venue. In plain terms = rising U.S.–China uncertainty is pushing more Chinese companies to list in Hong Kong rather than New York.
Hong Kong's IPO market has been strong this year, giving Dreame a favorable window — but whether it converts that window into a successful listing depends on whether its commercialization progress can support public-market valuation expectations.
Content is for reference only, not financial advice.