Chinese robot manufacturer Unitree Robotics has been approved for an initial public offering in Shanghai later this month.
The China Securities Regulatory Commission signed off on Unitree’s application on Thursday, clearing the last regulatory hurdle for the company to go public on the Shanghai Stock Exchange’s STAR Market.
Unitree plans to raise approximately 4.2 billion yuan ($618.4 million) by selling at least 40.4 million shares in the IPO. Proposed shares represents A stake of at least 10% in the company, implying a total valuation of about 42 billion yuan or $6.18 billion, according to the South China Morning Post.
Unitree is targeting late July for its IPO debut
With regulatory approval, the robot maker can begin work on an underwriting, pricing and stock subscription plan, with a debut likely as early as late July.
Unitree stands out among Chinese robotics companies for one reason: the company is already making money. Last year, Unitree reported revenue of 1.7 billion yuan ($250.4 million) and adjusted profit of 591 million yuan ($87 million).
This puts it in contrast to Hong Kong-listed UBTech Robotics, which generated revenue of 2 billion yuan ($294.5 million) during the same period but ended with a net loss of about 700 million yuan ($10 million).
Unitree said in its prospectus that proceeds from its July IPO will go toward developing robot “brains,” funding research into robot bodies, and new products.
AGIBOT plans a Hong Kong IPO in 2026
Equally the biggest seller in China AGIBOT Explore going public In Hong Kong later in 2026.
AGIBOT revealed its IPO plans last year. It is expected to issue between 15% and 25% of its shares at a value of between HK$40 billion to HK$50 billion ($5.14 billion to $6.4 billion), Reuters reported, citing sources familiar with the matter.
China operates one of the fastest growing robotics markets in the world.
Some of its players have continued to attract huge investments, most recently Suzhou-based JoyIn, which reportedly closed a 500 million yuan pre-A round on Thursday, led by Ant Group.
Recently, X Square Robot and AI² Robotics also reported closing multiple funding rounds.
US Agility Robotics is set to go public
Beyond the Chinese market, the robotics IPO trend extends to the United States.
Last month, American robot manufacturer Agility Robotics Signed a definitive merger agreement With Michael Klein’s Churchill Capital to go public on the US market under the symbol “AGLT”.
The SPAC deal values the company at $2.5 billion up front. The deal is expected to generate more than $620 million in gross proceeds, according to Cryptopolitan.
