Poised to be one of China’s largest tech listings, Unitree is preparing an IPO that could value it at $7 billion.
Chinese robotics company Unitree is preparing for an initial public offering (IPO) that could value the firm at about 50 billion yuan ($7 billion), according to officials. The potential listing would be among the largest tech IPOs in China in recent years, taking place as Beijing seeks to encourage domestic firms to tap local capital markets.
Founded in 2016 by Wang Xingxing, Unitree has become a prominent player in the robotics sector, with products used in universities, research institutions, and public demonstrations. Its robots, capable of tasks such as walking, climbing, and carrying loads, have gained visibility in entertainment and sporting events, as well as through widely circulated promotional videos.
China has been investing heavily in robotics, semiconductors, and artificial intelligence to address demographic challenges and strengthen its position in advanced technologies amid tensions with the United States. Unitree’s profile rose earlier this year when its founder was among a small group of executives who met President Xi Jinping during discussions on technology policy.
The IPO effort comes as Chinese exchanges gradually recover from a slowdown in listings caused by stricter regulatory scrutiny and weak equity markets. Data from LSEG shows that onshore IPO proceeds this year have reached $7 billion, up 40% year-on-year but still well below levels seen between 2020 and 2023.
