Chinese maker of robot-vacuum sensors launches Hong Kong IPO, undeterred by US ban

Camsense Technologies aims to raise about US$87 million in a Hong Kong listing backed by carmaker BYD

“The export and procurement for our existing client products remain normal, with potential disruption limited to new product development schedules,” Camsense co-founder Zhou Kun said about the ban’s impact. “We have maintained close communication with clients. Currently, our research and development progress and order intake remain unaffected.”

Camsense plans to sell 11.58 million shares at HK$58.85 each, according to a stock exchange filing on Tuesday. The shares are scheduled to start trading on September 30.