Shenzhen-based 3D printer producer Creality has submitted a prospectus to the Hong Kong Inventory Change for a important board itemizing. The corporate started its IPO course of in January 2024 by registering with the Shenzhen Securities Regulatory Bureau, selecting to bypass China’s A-share market in favor of a Hong Kong itemizing.
In 2021, Creality raised RMB 508.5 million (roughly $70.8 million) in its pre-IPO funding spherical from 9 traders, together with Qianhai FOF, Shenzhen Capital, AVIC Pingshan, and Tencent Enterprise Capital. This funding reportedly valued the corporate at RMB 4 billion ($556.8 million). Previous to the IPO, the 4 co-founders held roughly 81.98% of the corporate’s shares.
In response to the prospectus, Creality claims to be the world’s largest client 3D printing product and providers firm with a 27.9% market share based mostly on cumulative shipments from 2020 to 2024. The submitting additionally states the corporate ranks second globally in client 3D printing and first in consumer-grade 3D scanners based mostly on 2024 shipments. These claims are based mostly on information from China Insights Consultancy (CIC), Creality’s business guide.
CIC estimates the worldwide client 3D printing market was price $4.1 billion in 2024 and expects it to develop at a 33% compound annual development price, reaching $16.9 billion by 2029. The consultancy additionally tasks world client 3D printer possession will improve from 15.8 million items in 2024 to 40.4 million items in 2029. Creality states its imaginative and prescient is to “unfold the enjoyment of 3D printing know-how to each family.”
Supply: 3dprintingindustry.com
