BrainCo , an Oriental startup developing brain-computer interface technology, features filed confidentially for any Hong Kong initial public offering, tagging any public marketplaces debut for a single of China’s virtually all closely watched next-generation technology firms, according to Bloomberg.

BrainCo is working together with China International Funds Corp and UBS around the listing. The company could increase several hundred zillion dollars, although discussions are ongoing plus key terms, which includes the size of the offering, have yet to be complete.

Founded in 2015 by Han Bicheng, BrainCo develops bionic limbs and non-invasive technologies designed to be able to interface directly along with the mental faculties. Unlike US rival Neuralink, BrainCo does not implant chips into individuals. Its work parts it at the middle of a fast-growing sector that offers become a focal point regarding technological rivalry among China plus the Unified States.

Shanghai Stock options News reported last week that BrainCo finished a $287m auto financing round co-led by Hong Kong-based private equity finance firm IDG Capital and Walden International, the investment organization founded by Intel chief executive Lip-Bu Tan.

BrainCo will be the initially the so-called “Hangzhou Six” startups to pursue a public record. The group contains several high-profile technology companies from asian China, including DeepSeek.

The company finished a RMB 2bn, or roughly $287m, financing round last year, co-led simply by private equity organization IDG Capital and Walden International. The IPO would offer an exit path for early buyers and further capital to scale development inside a sector appealing to increasing state and private backing.

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