IPO: Unitree plans stock market listing in China - and aims for valuation of almost one billion dollars
The company would thereby become the first listed manufacturer of humanoid robots on the Chinese mainland. Well-known companies are also among the investors.
Hangzhou, China – Yushu Technology, also known as Unitree Robotics, is set to raise approximately $904 million through an initial public offering (IPO). This will make Unitree the first Chinese company to be listed on the mainland as a producer of humanoid robots. Based in Hangzhou, the company has set its offering price at 150.80 Yuan per share on the technology-focused STAR Market in Shanghai.
The offering includes around 40.4 million shares, representing roughly 10% of the company's basic capital, with an estimated valuation of 61 billion Yuan. The subscription period begins on August 10. The planned IPO comes at a time when humanoid artificial intelligence is considered a key area of focus in the global AI race. China's state-backed priorities include robotics, and Unitree is emerging as one of the country's most significant players in this sector.
About 20% of the offering is reserved for strategic investors, which include Hangzhou DeepSeek Artificial Intelligence, an investment vehicle linked to Tencent Holdings, as well as funds from major state-owned enterprises such as China National Petroleum Corp., China Southern Power Grid Co., and China Telecom Corp.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
