Caocao Mobility is poised to commence trading on the main board of the Hong Kong Stock Exchange on June 25, following an overwhelmingly positive response to its public offering. The Hong Kong portion of the offering was oversubscribed by a factor of 21.14, while the international offering was oversubscribed by 2.78 times. The company has finalized an issue price of HK$41.94 per share, offering a total of 44.1786 million shares globally. This results in an overall valuation of approximately HK$22.823 billion. The IPO attracted six cornerstone investors who collectively subscribed for shares worth approximately HK$952 million.

In 2024, Caocao Mobility reported a year-on-year revenue growth of 37.4%, reaching RMB 14.7 billion, accompanied by an improvement in gross margin to 8.1%. Its online car-hailing services now span 136 cities. Furthermore, Caocao Mobility is currently piloting Robotaxi services in Suzhou and Hangzhou, with plans to introduce new customized models equipped with L4 autonomous driving technology by the end of 2026.