It looks like the Creality IPO is now live.
Multiple reports have the company launching a Hong Kong public offering on the HKEX. A prospectus has been issued for Shenzhen Creality 3D Technology Co., Ltd., with stock code 3388.
What does this mean? The long-awaited move to a public company by Creality is now officially beginning. Here are the steps taken and what happens next:
Filed for HK listing: Application submitted to CSRC on Aug. 15, 2025
- Mainland China overseas-listing filing: CSRC filing notice issued Feb. 12, 2026
- HKEX listing hearing: Passed / post-hearing information pack updated May 11, 2026
- IPO launched: May 20, 2026
- Public subscription closes: Noon, May 26, 2026
- Allocation results: By 11:00 p.m., May 28, 2026
- Expected first trading: 9:00 a.m., May 29, 2026
It now looks like we will be adding another company to our weekly leaderboard, which tracks notable 3D print-related public company valuations. I don’t expect to have valid data on the 29th, as data services tend to take a while to catch up with changes like this, so we could see Creality appear on the weekly leaderboard on June 7th.
A big question is the valuation itself: how big will Creality be?
The IPO essentially sells a portion of the company’s shares to the public on the exchange. The plan is to sell a portion of the company shares with a projected valuation of US$1.1B.
In the prospectus, we see that the company is selling only 15.73% of the shares, with 84.27% retained by private holders. This corresponds to a share sale of US$177M. According to the rules of valuation, each retained share has the same value as those just sold — someone paid that amount, so that establishes the value.
Of course, the share values can wobble up or down after the listing appears on the exchange, but this seems to be the valuation of the company at IPO launch.
That is a very large number in the 3D print space, and would place Creality near the very top of the list. It appears the company would slot in at position five on our leaderboard. However, we can’t say how the market will react to the new entry. Investors could drive it up significantly if they feel the valuation of US$1.1B is too low. Or the opposite could happen. Either way, it is a big valuation.
Also, Creality ends up with US$177M in cash as a result of the IPO. That cash can then be used for whatever purpose they require — and you could do a lot with that amount of money. They could dramatically expand their sales network, deliver mountains of advertising, develop far more advanced systems, make their production processes more efficient, or hire more talented staff. Or all of the above.
This is incredible news for Creality.
I am now wondering what Bambu Lab’s valuation might be if they ever decided to go the IPO route in the future.
Via HKEX News (PDF)
