Unitree IPO Finally Puts A Real Price On Profitable Humanoid Robots

Chinese robotics maker Unitree formally launched its IPO on Shanghai’s STAR Market on Thursday, opening the books on a deal that aims to raise about 4.2 billion yuan (roughly $618 million) at an implied valuation near 42 billion yuan ($5.9 billion). Once the shares start trading, the listing will put a real, daily market price on a profitable humanoid-robot maker operating at scale – the first the sector has had. Until now, humanoid robotics companies have been raising capital based on numbers nobody could really challenge since nobody has had to actually clear a market. So far we have Figure…