TL;DRDreame Technology, the world’s top-selling robot vacuum maker, is considering a Hong Kong IPO as soon as next year. The company posted over 40 billion yuan in 2025 revenue and was valued at $9.6 billion in a recent pre-IPO round.
Dreame Technology, a Chinese maker of robotic vacuum cleaners, lawn mowers, and pool cleaners, is considering a Hong Kong initial public offering as soon as next year, according to Bloomberg. The company is working with advisers and could raise several hundred million dollars.
The potential listing would add to a surge of Chinese tech companies choosing Hong Kong over US exchanges as geopolitical barriers tighten. Hong Kong’s IPO market raised HK$109.9 billion in Q1 2026 alone, a 489% increase year on year.
From Xiaomi supplier to global market leader
Founded in 2017 with 14 million yuan in angel funding from Xiaomi and Shunwei Capital, Dreame started as part of Xiaomi’s ecosystem of investee companies, manufacturing products under the Xiaomi brand. It has since outgrown that relationship.
