China approves Unitree's Shanghai listing registration, valuing IPO at $619M

Chinas securities regulator approved Unitree Robotics registration to list on Shanghais STAR Market with a planned offering valued at roughly 4.2 billion yuan or about $619 million. The China Securities Regulatory Commission cleared the application after March filings seeking around $610 million and June reviews by Shanghai listing review committee, putting this Hangzhou-founded company founded in 2016 by engineer Wang Xingxing on course to become mainland Chinas first big humanoid robotics listing while proceeds fund research into robot brains software control systems new product lines manufacturing capacity.