According to reports, humanoid robotics company PaXiniTech is considering an initial public offering in Hong Kong, joining a growing list of robotics firms seeking to list their shares.

Sources familiar with the matter indicate that the company, which has received investment from Byd Company Limited (BYD) and JD.com (JD), is in discussions with investment banks and could submit an application to the Hong Kong Stock Exchange within the coming months.

Information shows that Shenzhen-based PaXiniTech raised over 1 billion yuan in a funding round this past March, pushing its valuation above 10 billion yuan.

The founding team hails from Japan's Waseda University Robotics Laboratory, where the world's first humanoid robot was created. The company's product line includes tactile sensors, dexterous robotic hands, and the humanoid robot named Tora.

Sources note that deliberations are ongoing and details such as the size and timing of the potential IPO have not been finalized. A representative for PaXiniTech declined to comment.