Unitree files for IPO to raise $610M, plans to bet big on AI capabilities

Today, the Shanghai Stock Exchange accepted Unitree's IPO application for Shanghai's STAR Market exchange. The company is targeting a raise of 4.202 billion yuan (~$610 million).

Proceeds will primarily fund R&D into intelligent robot models, with a strategic pivot toward enhancing AI capabilities over pure hardware development.

Unitree reports over 5,500 humanoid robots shipped globally in 2025, driving ~$248M in revenue and ~$41.8M in reported net profit (~16.8% net margin).

Earlier plans eyed a $7 billion valuation, though final valuation figures have not yet been revealed.