Unitree, China's leading robot maker known for affordable humanoid and quadruped robots, is preparing for an IPO on Shanghai's STAR Market. IPO sponsor CITIC Securities estimates the company could be valued at over 50 billion yuan (~$7bn), with some projections running even higher. The listing comes as China designates humanoid robotics a strategic national priority and demand accelerates, with buyers including automakers like BYD. Rivals such as EngineAI are also filing for IPOs, signaling the sector's shift from prototype to commercial product. Risks remain, as humanoid robots are still expensive to build and unproven at mass scale, and the wide valuation range reflects deep uncertainty about the market's trajectory.
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