Robotics maker Unitree to file IPO documents in fourth quarter for likely mainland listing

Unitree Robotics, the country’s top humanoid robot maker, said it would file documents to an onshore stock exchange in mainland China between October and December this year, suggesting it will soon go public.
While the Hangzhou-based firm’s statement did not specify whether it was seeking a listing in Shanghai, Beijing or Shenzhen, a source familiar with the matter said that the company was eyeing an onshore initial public offering (IPO) as the first step.

“At present, the company is actively advancing preparations for its IPO,” Unitree said. “It is expected to submit the filing documents to the stock exchange between October and December 2025 for an A-share sale.”

Unitree, which was founded nine years ago by Chinese entrepreneur Wang Xingxing, has become the poster child of China’s booming robotics industry. Its valuation in the private market soared this year, as it secured backers such as China Mobile, Alibaba Group Holding, Ant Group and Tencent Holdings. Alibaba owns the Post.

Unitree’s robot dogs attract interest at the 2024 Hong Kong Computer & Communications Festival. Photo: Jelly Tse
Unitree’s robot dogs attract interest at the 2024 Hong Kong Computer & Communications Festival. Photo: Jelly Tse

The company did not disclose business or financial details in the statement. It only said that 65 per cent of its revenue last year came from “quadruped robots”, with 30 per cent from humanoid robots and the remainder from component products.

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