Sigenergy's Hong Kong IPO backed by Temasek, Goldman Sachs
AI energy storage firm Sigenergy Technology has launched its Initial Public Offering on the Hong Kong Stock Exchange. The company secured major cornerstone investors including Temasek and Goldman Sachs.
HONG KONG – Sigenergy Technology Co., Ltd. has officially announced the launch of its Initial Public Offering (IPO) on the Hong Kong Stock Exchange, trading under stock code 06656.HK. The public offering period commenced on April 8, 2026, and is expected to close on April 13, with trading on the Main Board scheduled to begin on April 16.
The company plans to offer a total of 13,573,900 H shares. The offering is divided into a Hong Kong Public Offering (10%) and an International Offering (90%), with an option for overallotment. The offer price is set at HK$324.20 per share.
Sigenergy's IPO is supported by 19 cornerstone investors, a group that includes sovereign wealth fund Temasek Holdings and asset manager Goldman Sachs Asset Management. Other prominent investors include UBS Asset Management, Hillhouse Investment, and BNP Paribas Asset Management, collectively representing significant global capital.
The company specializes in AI-driven energy storage solutions. Sigenergy reported a substantial revenue increase, growing from RMB 58 million in 2023 to RMB 9 billion in 2025. It achieved profitability in 2024, with gross margin rising from 31.3% to 50.1% over the same period. Its flagship product, SigenStor, is an integrated solar-storage-charging system.
Sigenergy has established leading market positions in several regions, particularly in the distributed energy storage sector. In 2024, the company held a 28.6% market share globally in the stackable distributed all-in-one energy storage segment. It operates a sales network covering 85 countries and maintains three production bases in Shanghai and Nantong.