Chinese Robot Maker Unitree Seen Worth over $7.4 Billion After IPO, Citic Says
Citic Securities valued the Hangzhou robot maker at 50.6 billion to 55.9 billion yuan as it seeks 4.2 billion yuan in its Shanghai listing.
- Unitree Technology expects a valuation exceeding 50 billion yuan for its upcoming Shanghai IPO, according to sponsor Citic Securities.
- The Hangzhou-based manufacturer competes with Tesla and Boston Dynamics in making humanoid robots, positioning itself as a "globally-renowned, world-leading maker of high-performance, general purpose robotics," Citic Securities said.
- Citic Securities values Unitree at roughly 20 times this year's expected sales and about 80 times forecast earnings, with projections of 50.6 billion to 55.9 billion yuan within 12 months.
- Amid rivalry between China and the United States, Washington added foreign-made advanced robots to its Covered List, restricting U.S. sales; the U.S. accused Unitree of aiding Beijing's military in June.
- Following Wednesday's IPO price enquiry, Unitree will set its final price on Thursday and accept investor subscriptions on Friday.
20 Articles
20 Articles
Unitree’s IPO could value China’s robot champion at $7bn or more
China’s best-known robot maker is about to test the public markets. Unitree could be worth more than 50 billion yuan, roughly $7bn, after its Shanghai listing, according to its IPO sponsor.The estimate comes from CITIC Securities. As the deal’s sponsor, CITIC set out the valuation as Unitree kicked off pricing for its float on Shanghai’s […] This story continues at The Next Web
China’s Unitree Seeks $904 Million in First Mainland Robotic IPO
China’s Yushu Technology Co., known as Unitree Robotics, is seeking to raise about 6.1 billion yuan ($904 million) in an initial public offering that would make it the mainland’s first publicly traded humanoid robot maker.
Meet Unitree Robotics, founded by Wang Xingxing, and the CEO's trajectory in the cheaper humanoid race; also understand the GD01 mecha robot.
Chinese Robot Maker Unitree’s IPO Prospectus Reveals Heavyweight Tech Backers
Chinese Robot Maker Unitree’s IPO Prospectus Reveals Heavyweight Tech Backers - The startup’s roster of backers includes Meituan and Xiaomi, but notably lacks drone giant DJI, which backed out of an early investment
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