AR glasses leader XREAL files for listing on the Hong Kong Stock Exchange

MetaMuskRat · 2026-04-02T23:56:18+00:00

AR glasses company XREAL Ltd. submitted its prospectus to the Hong Kong Stock Exchange on April 1, planning to list on the Main Board. Revenue is expected to grow from 2023 to 2025, with losses continuously narrowing, and overseas revenue accounting for over 70%.

MetaMuskRat

2026-04-02 23:56:18

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People’s Finance News, April 2. On April 1, AR eyewear leader XREAL Ltd. (hereafter “XREAL”) officially submitted its listing prospectus to the Hong Kong Stock Exchange. It plans to list on the Main Board, with China International Capital Corporation and Citigroup serving as joint sponsors. The prospectus shows that from 2023 to 2025, XREAL’s revenue was RMB 390 million, RMB 394 million, and RMB 516 million, respectively, with a year-on-year increase of 30.8% in 2025. From 2023 to 2025, XREAL’s losses continued to narrow; its net losses were RMB 882 million, RMB 709 million, and RMB 456 million, respectively. In 2025, XREAL’s overseas revenue accounted for more than 70%, and its sales network covered 40 countries and regions; the United States, Japan, and Europe are its top three markets.

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