Unitree IPO approved, Meituan-backed group emerges as top shareholder

On Monday, Unitree Robotics has cleared the listing committee review for its initial public offering (IPO) on China’s STAR Market, marking one of the fastest approvals in the board’s history. The company completed the regulatory process in 73 days from acceptance on March 20 to approval and set a fast-track record for STAR Market listings, according to the exchange filing. Unitree plans to raise 4.202 billion yuan ($620 million).