One of the most important robotics companies in China is getting ready for an IPO.

What’s happening:

  • Unitree Robotics has officially begun submitting filings to securities regulators in China to prepare for a IPO

By the numbers:‍

  • The last private financing round Unitree Robotics raised valued the company at roughly $1.6B USD
  • Over the past half a decade, Unitree Robotics has won more than 90 different government and university contracts for using their robotics hardware

Why it matters:‍

  • Unitree Robotics would be the first time ever that a company developing humanoid robotics has listed through an IPO onto a major stock exchange in China

Going deeper:‍

  • Unitree Robotics is the first company to ever commercially sell robot dogs and is widely considered to be the most successful robotics company developing quadruped robots
  • Some of the largest venture capital funds and technology companies in China are major investors in Unitree Robotics, including Tencent, Alibaba (NASDAQ: BABA), Ant Group and China Mobile