China’s securities regulator approves Unitree Robotics’ registration to list on the Shanghai Stock Exchange’s STAR Market, clearing a key regulatory step for the humanoid and quadruped robot maker. Multiple reports say the China Securities Regulatory Commission (CSRC) grants the approval after Unitree’s listing review by the Shanghai Stock Exchange’s listing committee. With the formal hurdle cleared, the company moves toward pricing and selling shares, while also finalising underwriting arrangements. Tech coverage also notes that CITIC Securities acts as advisor. One report says Unitree has completed its Series C funding in the lead-up to the IPO and that it is preparing for the offering after this financing round. Another outlet reports that Unitree’s planned offering is valued at about 4.2 billion yuan (roughly $619 million). A separate report cites a different valuation figure of $1.6 billion and links it to Unitree’s funding history, indicating valuations may be referenced differently across sources. The company’s 2024 revenue is reported as over one billion yuan, reflecting its scale in China’s embodied-AI and robotics market.
China approves Unitree Robotics’ STAR Market IPO after preparations begin
China’s securities regulator approves Unitree Robotics’ registration to list on the Shanghai Stock Exchange’s STAR Market, clearing a key regulatory step for the humanoid and quadruped robot maker. Mu...
- CSRC approves Unitree Robotics’ registration to list on Shanghai’s STAR Market.
- Unitree’s approval follows a review by the Shanghai Stock Exchange’s listing committee.
- Unitree proceeds to IPO preparations, including pricing and underwriting arrangements.
- CITIC Securities is reported as an advisor for the offering.
- Reports link Unitree’s 2024 revenue to more than one billion yuan.
China’s securities regulator has approved Unitree Robotics’ registration to list on Shanghai’s STAR Market, clearing the last formal hurdle before the humanoid robot maker can price and sell shares. The approval, confirmed by Reuters on Thursday, values the planned offering at roughly $619 million, or about 4.2 billion yuan, a figure that lines up closely […] This story continues at The Next Web
1 month agoUnitree Robotics has secured approval from China’s securities regulator for a Shanghai initial public offering that is poised to set a valuation benchmark for China’s sizzling embodied AI sector. The nod from the China Securities Regulatory Commission came about a month after the Hangzhou-based company cleared a review by the Shanghai Stock Exchange’s listing committee. Unitree is now finalising its underwriting plan, pricing and share subscriptions for a potential debut as early as late...
1 month agoAccording to the China Securities Regulatory Commission (CSRC), Unitree Robotics has begun its IPO preparation process, with CITIC Securities serving as the advisor. As a major player in China’s quadruped and humanoid robot sector, Unitree recorded over one billion yuan ($137 million) in revenue in 2024. Last month, Unitree completed its Series C funding, jointly […]
1 year ago
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