Unitree IPO to test valuations as venture capital floods China robotics

Robotics" class="entity-link entity-organization" data-entity-id="12531" data-entity-type="organization">Unitree 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" class="entity-link entity-organization" data-entity-id="21605" data-entity-type="organization">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 July.The robot maker plans to raise about 4.2 billion yuan (US$618.4 million) by selling at least 40.4 million shares – a minimum 10 per cent stake that implies an initial valuation of around 42 billion yuan.