Chinese Robot Maker Unitree Seeks $610 Million in Shanghai IPO

China’s leading robot company, Unitree Robotics, has filed for an initial public offering in Shanghai, moving a step closer to a domestic listing as investor interest in the sector builds.

Unitree plans to raise about 4.2 billion yuan ($610 million) on the STAR board, according to a prospectus released on Friday. The proceeds will be used to fund research into AI models for robotics, develop new products and expand manufacturing facilities.