Unitree’s $9 Billion IPO Valuation in China’s Humanoid Robot Race

China’s humanoid robot race is heating up as Unitree targets a $9 billion valuation in its upcoming IPO. The Hangzhou-based robotics company has priced its Shanghai offering at 150.8 yuan per share, making it China’s first mainland-listed humanoid robot maker. Unitree plans to raise around $900 million through the sale of 40.45 million new shares on Shanghai’s STAR Market, with the IPO subscriptions set to open on August 10. Unitree’s IPO valuation of $9.04 billion exceeds initial expectations, signaling strong investor interest in the company. The funding will fuel robot software and hardware development, new product launches, and the expansion…