Unitree Robotics, which is believed to be the world’s largest humanoid robot maker, has taken a significant step toward going public, filing for an initial public offering on Shanghai’s STAR Market that could raise up to 4.2 billion yuan ($610 million).
The Hangzhou-based company’s IPO application was formally accepted by the Shanghai Stock Exchange on March 20, according to Xinhua Finance. Xinhua is the official state press agency of the People’s Republic of China.
The filing comes as Unitree reported explosive growth in 2025, with revenue surging 335 percent to 1.71 billion yuan ($250 million) and adjusted net profit reaching 600 million yuan ($90 million) – its first profitable year [Read more…] about Unitree Robotics files for $610 million IPO as humanoid robot sales surge