Rokid's Hong Kong IPO Is the Wearable-AI Signal European Investors Are Missing

Rokid is heading toward a Hong Kong IPO with over $414 million raised, a $1 billion valuation, and AI glasses already on European shelves at $299 — $80 cheaper than Meta's Ray-Ban. For European hardware investors, this is the first publicly traded pure-play on China's wearable-AI wave, and the window to understand it before it reshapes retail is closing fast.

What happened in China Rokid, the Hangzhou-based AR and AI wearables company founded in 2014, is planning a Hong Kong IPO. The listing would follow a fundraising trajectory that few European investors have tracked closely: the company raised over CNY 3 billion (≈$420 million) across multiple rounds backed by IDG Capital, Kleiner Perkins, and others, reaching a US$1 billion valuation by November 2023 after raising US$228 million in venture funding. Total funding has crossed over $414 million. The timing is deliberate. Hong Kong's IPO market has been staging a genuine recovery — average daily volume has reached HK$273 billion year-to-date, up 9% compared to the prior period — and Rokid is positioning itself to capture that momentum as a category-defining listing in consumer AI hardware. The company targets 1 million AI glasses shipments in 2026. That is not a rounding error. That is a production-scale ambition that signals Rokid…

Rokid's Hong Kong IPO Is the Wearable-AI Signal European Investors Are Missing

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