China is reportedly slowing humanoid robot IPOs after Unitree’s debut round trip
China’s securities regulator has begun steering humanoid robot companies away from the public markets until they can show recurring revenue and a credible path to narrowing losses, The Information reported on 9 September.
The direction is being given as window guidance, the informal and unpublished channel the China Securities Regulatory Commission uses when it wants an outcome without writing a rule.
Reuters reported today that at least six Chinese humanoid firms preparing for listings are now waiting, and that private-market valuations have been cut by 30% to 50%.
Neither figure appears in a public filing, the CSRC has published nothing, and TNW has not independently verified either claim.
Unitree Robotics listed on Shanghai’s STAR Market on 19 August at 150.80 yuan per share, raising 6.1bn yuan, or about $904m, at a valuation of nearly $9bn.
It then rose by as much as 460% in a session, briefly reaching a market...
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