Unitree Robotics will debut its initial public offering on the Shanghai Stock Exchange next week, the company announced late Thursday, as Chinese robotics startups accelerate their listing plans amid escalating competition with U.S. peers.
The Hangzhou‑based firm intends to sell 40.45 million shares, representing 10 % of its enlarged share capital.
Following the listing, founder Wang Xingxing and affiliated entities are projected to retain a 31.29 % stake and 65.31 % of the voting rights.
Unitree will commence book‑building on August 5, set an offer price the next day, and publish the final results on August 14.
Recognized as one of China’s leading robotics firms, Unitree received approval for its listing from the Shanghai Stock Exchange in March, and China’s securities regulator cleared the registration on July 2.
The firm’s financial statements reveal profitability in a sector where many competitors operate at a loss. Unitree reported revenue of ¥1.7 billion and adjusted earnings of ¥591 million for the past fiscal year.
