Unitree IPO to test valuations as venture capital floods China robotics

Unitree Robotics has received approval from the China Securities Regulatory Commission for its initial public offering on the Shanghai Stock Exchange, setting the stage for a landmark valuation benchmark in China’s fast-growing embodied artificial intelligence sector. The approval comes roughly a month after the Hangzhou-based company successfully passed a review by the exchange’s listing committee. Unitree is now finalizing its underwriting plan, pricing, and share subscriptions, with a potential market debut as early as late July.

Fundraising and Valuation Details

The robot maker plans to raise approximately 4.2 billion yuan (US$618.4 million) by selling at least 40.4 million shares—representing a minimum 10% stake. This implies an initial valuation of around 42 billion yuan. According to its prospectus, the proceeds will be used to fund robot model development, robot-body research, new product launches, and manufacturing capacity expansion.

Financial Performance and Industry Comparison

Unitree’s financials provide a rare glimpse into a profitable player in the robotics space. The company generated 1.7 billion yuan in revenue last year, with an adjusted profit of 591 million yuan. In contrast, its listed peer UBTech Robotics, which trades on the Hong Kong Stock Exchange, reported revenue of 2 billion yuan in the same period but posted a net loss of roughly 700 million yuan. UBTech’s market capitalization stood at about HK$54.8 billion (US$6.9 billion) as of Friday.

The source for this article is https://www.scmp.com/tech/tech-trends/article/3359290/unitree-ipo-test-valuations-venture-capital-floods-china-robotics.