Unitree Technology Eyes $7.4 Billion Valuation Ahead of Shanghai IPO
Chinese robotics firm Unitree Technology is expected to achieve a valuation exceeding 50 billion yuan (approximately $7.4 billion) following its planned initial public offering (IPO) in Shanghai, according to a report by Citic Securities, the lead sponsor of the listing.
The Hangzhou-based company is projected to be valued between 50.6 billion yuan and 55.9 billion yuan within six to twelve months after its market debut, which is anticipated later this month.
The valuation report, shared with investors and reviewed by Reuters, is considered a key reference point ahead of the upcoming IPO price inquiry. Unitree aims to raise around 4.2 billion yuan through the offering, with funds earmarked for advancing innovation and scaling production capabilities.
Operating in the rapidly growing robotics sector, Unitree competes with global players such as Tesla and Boston Dynamics, particularly in the development of humanoid robots. The company is also recognized for its quadruped robotic systems.
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Citic Securities described Unitree as a globally renowned and leading manufacturer of high-performance, general-purpose robotics, highlighting its strong focus on research and development and its growing influence in the embodied intelligence ecosystem.
The report values Unitree at approximately 20 times its projected annual revenue and nearly 80 times its expected earnings, reflecting strong investor confidence in its growth potential.
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The IPO comes at a time of intensifying technological rivalry between China and the United States. Robotics has emerged as a strategic industry for China, playing a crucial role in its broader ambitions to compete with the U.S. in advanced technologies.
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However, geopolitical tensions remain high, with Washington recently adding advanced foreign-made robots to its Covered List, limiting their access to U.S. markets. Additionally, Unitree was included in a U.S. list of companies allegedly linked to China’s military activities.