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2026-06-11 00:00 China Funding Public Markets Translated from ZH

China's Neuracle Files for Shanghai IPO, Seeking RMB 2.5 Billion

Summary The Shanghai Stock Exchange accepted an IPO application from Neuracle, which is seeking RMB 2.5 billion for BCI product development, industrialization and working capital. The filing shows an established non-invasive neurophysiology equipment business alongside invasive products that still require clinical, regulatory and commercialization spending. Acceptance starts the review process and is not approval to list.
Why it matters The prospectus puts Neuracle's revenue, losses, product pipeline and capacity plans into one regulated disclosure, creating a rare public benchmark for China's BCI sector.
BCIwiki (bciwiki.com) — The Shanghai Stock Exchange accepted Neuracle’s application for a science and technology board IPO on June 11, 2026. The Shanghai-based company is seeking RMB 2.5 billion for BCI product development, industrialization projects and working capital.

Neuracle sells non-invasive neurophysiology equipment including EEG acquisition and transcranial stimulation systems, while developing invasive products for indications including quadriplegia, epilepsy and stroke. Its prospectus brings product stages, clinical progress, capacity plans and financial data into a regulated public disclosure.

Exchange acceptance only starts the review. Neuracle must still pass inquiries, listing review and registration, and both the fundraising amount and project plan may change before any offering.

Compiled by BCIwiki from public sources

Sources · 1

Neuracle timeline

2026-09 Neuracle Registers Cortical Electrode in China's NMPA Device Identifier Database 2026-08 BCI Plans Across 10 Chinese Provinces All Target 2030, Only Zhejiang and Beijing Reimburse 2026-08 China bet $1B on BCI in 6 months. Who got the money? 2025-05 Neuracle Completes Trial of Its Wireless NEO Implant in Tetraplegia All entries →
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