Unitree Robotics moves closer to Shanghai STAR Market IPO

Unitree Robotics is moving closer to an IPO on Shanghai’s STAR Market after China’s securities regulator approved the company’s registration application on July 1. The approval clears a regulatory step, but does not by itself set the offering price, online subscription date or trading date. Unitree’s prospectus proposes raising about RMB4.2 billion, with the proceeds earmarked for robot AI model research, robot-body development, new robot products and a smart-robot manufacturing base.