Unitree to launch IPO next week as US-China robotics rivalry intensifies
Unitree Robotics will launch its initial public offering (IPO) in Shanghai next week, the firm announced late on Thursday, as China’s robotics start-ups race to go public amid an intense rivalry with their counterparts in the United States. The Hangzhou-based company plans to sell 40.45 million shares, or 10 per cent of its enlarged share capital. It is another closely watched debut on Shanghai’s…
Unitree Robotics is set to launch its initial public offering (IPO) in Shanghai next week, amid an intensifying rivalry between US and Chinese robotics companies. The Hangzhou-based firm plans to sell 40.45 million shares, representing 10% of its enlarged share capital. Unitree founder Wang Xingxing and related parties will hold 31.29% of the company's shares and 65.31% of its voting rights post-IPO.
The company will commence book-building on August 5 and set an offer price the following day, with final results due on August 14. Unitree's G1, H2, and R1 humanoids, as well as Go2, B2, and A2 quadrupeds, have received Federal Communications Commission certification, ensuring they will not be affected by the US's recent ban on imports of new foreign-made robots.
This ban, announced by the United States, is seen as a response to China's rapid advances in the robotics sector. The US accounted for 18.4% of Unitree's revenue in 2023, 19.5% in 2024, and 13.3% in 2025. Unitree has secured listings in both Shanghai and Hong Kong, where its adjusted profits were 591 million yuan last year. However, the company remains on a Pentagon list of Chinese military companies, which restricts US defense procurement.
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