3 weeks ago
Unitree targets $9 billion valuation in landmark humanoid robotics IPO
A company in China called Unitree Robotics makes robots that look and move like people, which are called humanoid robots.
The company wants to sell part of itself to the public for the first time, which is called an IPO.
Unitree thinks it is worth about 60.99 billion yuan, which is around 9 billion dollars.
It plans to raise 6.1 billion yuan by selling a little over 40 million shares on a Chinese stock market in Shanghai.
Big companies like DeepSeek and Tencent are investing in the IPO, and DeepSeek is also working with Unitree on artificial intelligence.
Unlike many robot startups, Unitree already makes money.
Last year it earned 1.7 billion yuan and made 591 million yuan in profit.
Many people are excited because they think humanoid robots could be the next big thing in technology.
But some experts worry the price is very high compared with other robot companies.
Everyone is watching this IPO because it could show how much robot companies are worth in the future.
Hangzhou-based Unitree Robotics is preparing an IPO valuing the company at 60.99 billion yuan (about $9 billion) on Shanghai's STAR Market.
Unitree plans to raise 6.1 billion yuan by selling 40.45 million shares in the offering.
Backers include DeepSeek, Tencent, China Telecom, Citic Securities and several state-backed institutions.
DeepSeek invested 141 million yuan under a three-year lock-up and will jointly develop AI and embodied intelligence technologies with Unitree.
Unitree is profitable, with 1.7 billion yuan in revenue and 591 million yuan in adjusted net profit last year, though the IPO prices it at around 219 times earnings.
- Who
- Hangzhou-based Unitree Robotics, backed by investors including DeepSeek, Tencent, China Telecom, Citic Securities and state-backed institutions
- What
- Preparing for an initial public offering on Shanghai's STAR Market that values the company at 60.99 billion yuan (about $9 billion) and aims to raise 6.1 billion yuan by selling 40.45 million shares
- Where
- Shanghai's STAR Market; Unitree is based in Hangzhou, China
- When
- Not specified in the articles
- Why
- To raise capital in what is seen as mainland China's first major humanoid robotics IPO, which could set the benchmark for valuing AI-powered robotics firms
Investor Optimism
Valuation Concerns
IPO Valuation
Investor Optimism
The strong pricing reflects growing optimism that humanoid robots could become one of AI's next major commercial opportunities, justifying a premium.
Valuation Concerns
The valuation of about 219 times earnings and nearly 36 times sales is significantly above several listed robotics rivals and may be too high.
Impact on Robotics Startups
Investor Optimism
The listing could set the benchmark for how investors value the next generation of AI-powered robotics firms and serve as a reference point for dozens of startups.
Valuation Concerns
Industry experts say the valuation could effectively become the 'ceiling' for competing embodied AI startups unless they can demonstrate stronger commercial success.
Key facts
- Company
- Unitree Robotics
- Target Valuation
- 60.99 billion yuan (~$9 billion)
- Funds to Raise
- 6.1 billion yuan
- Shares Offered
- 40.45 million on Shanghai's STAR Market
- Backers
- DeepSeek, Tencent, China Telecom, Citic Securities and state-backed institutions
- DeepSeek Investment
- 141 million yuan under a three-year lock-up
- Financials (Last Year)
- 1.7 billion yuan revenue; 591 million yuan adjusted net profit
- Valuation Multiples
- About 219 times earnings; nearly 36 times sales
Sources
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