Anker Innovations plans to raise $500 million in Hong Kong listing, sources say

Shenzhen-listed consumer electronic products maker Anker Innovations Technology 300866 is planning to raise about $500 million in a Hong Kong listing by early 2026, two people with knowledge of the deal said.

Anker, one of Amazon's largest sellers offering products from power banks to phone cases, has mandated China International Capital Corp (CICC), Goldman Sachs and JPMorgan to work on the float, said the sources, who declined to be named as the information was confidential.

The company, with a current market value of over $9 billion, aims to complete the listing by the Chinese Lunar New Year in 2026, which falls in February, the sources said.

Anker and CICC did not immediately respond to a Reuters request for comment.

Goldman Sachs and JPMorgan declined to comment.

Anker is joining a slew of onshore-listed Chinese companies in seeking listings in Hong Kong, which have helped revive flatlining markets and led to the strongest first half for the Hong Kong stock exchange since 2021.

Hong Kong's Hang Seng Index HSI is up 23% year-to-date, making it one of the best performing major markets in the world, despite the uncertainty over tariff negotiations between China and the United States.

Founded in 2011 in Central China's Hunan province, Anker designs and produces a wide range of electronic products including wireless phone chargers, smart home appliances and home entertainment systems, according to its website.

Its products are mainly sold on e-commerce platforms such as Amazon, Ebay and China's TMall and JD.Com but the company also has offline retail cooperations with Walmart WMT, Best Buy BBY and others, the website said.

The company, which has 5,000 employees, reported annual revenues of 22.17 billion yuan ($3 billion) in 2024.

Anker raised prices on a fifth of its products on Amazon in April, in a sign that tariffs on Chinese goods were being passed on to U.S. shoppers, Reuters reported at the time.

The company's share price rose 26% this year, LSEG data showed.