Unitree Robotics sets IPO valuation at 60.99 billion yuan, testing investor appetite for China's AI robotics sector
Unitree Robotics is set to launch its initial public offering in Shanghai next week, valuing the Hangzhou-based firm at 60.99 billion yuan (US$9 billion), as the company seeks to capitalise on investor enthusiasm for China's embodied-artificial-intelligence sector, according to reports from the South China Morning Post.
The IPO, priced at 150.8 yuan per share, will see the company sell 40.45 million new shares, representing 10 per cent of its enlarged share capital, as detailed in a filing released on Thursday evening. This move is expected to raise approximately 6.1 billion yuan, surpassing the company's initial target of 4.2 billion yuan.
Coverage Comparison
South China Morning Post's coverage of the IPO highlights the company's debut as a valuation benchmark for China's embodied-AI sector, noting both the high-profile backers and the broader competitive context with US counterparts. The reports also detail the financial structure of the offering, including the timeline for book-building and listing.
The reports collectively paint a picture of a company that has achieved profitability in a sector often characterised by heavy losses, with Unitree booking revenue of 1.7 billion yuan and adjusted profits of 591 million yuan last year.
Key Claims
- Unitree Robotics' IPO values the firm at 60.99 billion yuan.
- The IPO is priced at 150.8 yuan per share.
- The company will sell 40.45 million new shares, or 10 per cent of its enlarged share capital.
- Backers include DeepSeek and Tencent Holdings.
- Founder Wang Xingxing and related parties will hold 31.29 per cent of shares and 65.31 per cent of voting rights post-listing.
- Unitree booked revenue of 1.7 billion yuan last year with adjusted profits of 591 million yuan.
- Book-building will begin on August 5, with an offer price set the following day and final results published on August 14.
Perspectives
Investor View: Zheng Hualiang, founder of Leap VC, is quoted as saying that Unitree's IPO will serve as a valuation anchor, and effectively the ceiling, for other companies in the embodied-intelligence space.