China approves Unitree’s Shanghai listing registration, valuing IPO at $619M

China’s securities regulator has approved Unitree Robotics’ registration to list on Shanghai’s STAR Market, clearing the last formal hurdle before the humanoid robot maker can price and sell shares.

The approval, confirmed by Reuters on Thursday, values the planned offering at roughly $619 million, or about 4.2 billion yuan, a figure that lines up closely with what Caixin Global and the South China Morning Post reported over the past month.

The China Securities Regulatory Commission’s sign-off is not the same as a completed listing. Unitree still has to set a final share price and issuance date, steps that typically follow registration approval by weeks rather than days.

It is, even so, the milestone that Unitree’s IPO filing from March has been building towards, and it puts the company on course to become mainland China’s first big humanoid robotics listing.

Unitree filed its prospectus with the Shanghai Stock Exchange in March,...

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