Dreame Technology, the world's top-selling robot vacuum brand, is considering a Hong Kong IPO as early as next year. The company reported over 40 billion yuan in 2025 revenue with 100%+ CAGR for eight years and was valued at $9.6 billion in a recent pre-IPO round. Dreame holds the top market share in 30 countries and generates nearly 80% of sales overseas. Beyond vacuums, it has announced an electric hypercar (Nebula 1) and a smartphone, mirroring Xiaomi's diversification strategy. The potential listing is part of a broader wave of Chinese tech companies choosing Hong Kong over US exchanges amid geopolitical tensions.
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From Xiaomi supplier to global market leaderThe numbers behind the listingThe hypercar and the smartphoneThe broader listing waveThe flags59 Impressions