Shenzhen-based 3D printer manufacturer Creality has submitted a prospectus to the Hong Kong Stock Exchange for a main board listing. The company began its IPO process in January 2024 by registering with the Shenzhen Securities Regulatory Bureau, choosing to bypass China’s A-share market in favor of a Hong Kong listing.
In 2021, Creality raised RMB 508.5 million (approximately $70.8 million) in its pre-IPO funding round from nine investors, including Qianhai FOF, Shenzhen Capital, AVIC Pingshan, and Tencent Venture Capital. This funding reportedly valued the company at RMB 4 billion ($556.8 million). Prior to the IPO, the four co-founders held approximately 81.98% of the company’s shares.
According to the prospectus, Creality claims to be the world’s largest consumer 3D printing product and services company with a 27.9% market share based on cumulative shipments from 2020 to 2024. The filing also states the company ranks second globally in consumer 3D printing and first in consumer-grade 3D scanners based on 2024 shipments. These claims are based on data from China Insights Consultancy (CIC), Creality’s industry consultant.
CIC estimates the global consumer 3D printing market was worth $4.1 billion in 2024 and expects it to grow at a 33% compound annual growth rate, reaching $16.9 billion by 2029. The consultancy also projects global consumer 3D printer ownership will increase from 15.8 million units in 2024 to 40.4 million units in 2029. Creality states its vision is to “spread the joy of 3D printing technology to every household.”
Source: 3dprintingindustry.com