Unitree Robotics plans a $7 billion IPO, seeking a valuation of up to 50 billion yuan. They aim to submit listing documents in Q4 and list on Shanghai’s STAR Market. Companies like Alibaba and Tencent have invested in Unitree, a leader in the humanoid robot industry with unicorn status.

Chinese IPO market sees revival with $7 billion raised so far this year. Unitree’s potential IPO could help boost Beijing’s tech push amid trade and tech wars. Unitree, profitable and valued at 12 billion yuan, leads in production and sales, attracting investors like Alibaba and Tencent.

Unitree’s IPO could raise over 10% of its shares. The company, founded in 2016, is a go-to for robotics research in Chinese universities and is a common sight at events. Unitree’s founder attended a meeting with President Xi Jinping, highlighting its market potential and industry leadership.

Read more at Yahoo Finance: Exclusive-Chinese robotics firm Unitree eyeing $7 billion IPO valuation, sources say