Chinese Robotic Vacuum Maker Dreame Tech Is Said to Consider IPO

Dreame Technology, a Chinese maker of smart home appliances such as robotic vacuum cleaners, is considering an initial public offering that could raise at least $300 million, people familiar with the matter said.

Dreame is working with advisers at China International Capital Corp., Goldman Sachs Group Inc. and Morgan Stanley on a potential share sale that may take place as soon as this year, the people said, asking not to be identified talking about private information. It has been considering the US as a listing venue, according to the people.

Any offering would depend on market conditions and details ...