Unitree Robotics: $2 Billion IPO Valuation
Unitree Robotics Eyes mainland China IPO After Restructuring
Unitree Robotics,a robotics company based in Hangzhou,is reportedly considering a new financing initiative that could value the company between 10 billion yuan and 15 billion yuan ($1.4 billion and $2.1 billion),according to Sohu Tech.
This development follows Unitree’s recent restructuring from a limited liability company into a joint stock limited firm,according to Tianyancha,a Chinese corporate database. The change in structure allows the company to issue and transfer shares, perhaps facilitating increased capital raising for expansion.
The conversion to a joint stock limited company addresses “development needs,” Unitree stated in a letter to business partners, according to the Securities Times. The move is seen as a step toward a potential initial public offering (IPO) on a mainland China stock exchange.Unitree did not instantly respond to requests for comment regarding its investment efforts.