IDG Capital-backed robot vacuum producer Ecovacs has filed for a flotation on the Shanghai Stock Exchange.
China-based robot vacuum manufacturer Ecovacs Robotics, backed by media firm International Data Group’s local VC affiliate IDG Capital, is set to list on the Shanghai Stock Exchange, China Money Network reported today.
The flotation is not expected to happen for a few years, as companies are required to join a queue of more than 800 businesses after they have filed their initial public offering prospectus.
Founded in 1998, Ecovacs initially produced electronics for vaccums manufactured by consumer electronics conglomerates Philips,…
