Key facts
- Unitree Robotics is pursuing an IPO on the Shanghai Stock Exchange.
- The company aims to raise 4.2 billion yuan ($620 million) by selling at least 10% of its shares.
- Investor bids during book-building suggest a valuation potentially reaching 55 billion yuan.
- Citic Securities forecasts Unitree Robotics' valuation to be between 50.6 billion and 55.9 billion yuan six to 12 months after its planned listing.
Unitree Robotics, a Chinese company specializing in embodied AI, has opened the book-building process for its initial public offering on the Shanghai Stock Exchange. The company aims to raise 4.2 billion yuan (approximately $620 million) by offering at least 10% of its shares. According to its prospectus, this implies a valuation of around 42 billion yuan. However, institutional investor bids during the initial inquiry phase suggest that valuations could reach up to 55 billion yuan. Citic Securities forecasts the company to be worth between 50.6 billion and 55.9 billion yuan six to 12 months after its planned listing later this month.