⚡️China’s humanoid robotics company
@UnitreeRobotics is heading public at an $8.5B valuation, turning founder Wang Xingxing into a multi-billionaire.
Unitree Robotics has priced its Shanghai STAR Market IPO at RMB 150.80 per share, implying an initial market cap of nearly RMB 61 billion ($8.5B).
Founder Wang Xingxing will retain a 33.36% direct and indirect stake, valuing his holdings at roughly RMB 20.35 billion ($2.8B).
Separately, DeepSeek is rumored to have joined the IPO as a strategic investor, subscribing for around 933,400 shares worth RMB 141 million.
China’s hottest robotics IPO may now also have an AI heavyweight on its cap table.
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ChinaTech#