Unitree begins preparation for mainland float

Unitree Robotics, a Chinese manufacturer of humanoid robots, has begun preparations for an initial public offering, joining a wave of domestic embodied AI companies in tapping the capital market as they race to become globally leading robotics firms.

While Unitree has yet to disclose its intended market for a flotation, several sources told China Daily that China's STAR Market on the Shanghai Stock Exchange is the likeliest destination.

According to a filing posted on the website of the China Securities Regulatory Commission, the company is under the listing guidance of CITIC Securities. The company could file its IPO as early as October.