Robot-Maker Unitree’s IPO Expected by Mid-2026, Source Says
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China’s Unitree Robotics is on track for a domestic IPO that is expected to be completed by the end of the second quarter, said a source, who denied recent media reports that an approval process to fast-track its IPO has been suspended.
Unitree never applied for a “green passage” — a mechanism designed to fast-track IPOs by companies from the strategically important industries, said the source, adding that the company’s IPO is progressing smoothly through the standard approval process, with a listing expected as early as the end of the first quarter or no later than the second quarter.
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- Unitree Robotics expects to complete its domestic IPO by the end of Q2 2024 through the standard approval process, not a fast-track "green passage."
- In 2023, Unitree held nearly 70% of the global quadruped robot market and launched a humanoid robot, the G1, at 99,000 yuan ($13,600).
- The listing highlights rising competition and investment in Chinese embodied intelligence and robotics startups.
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Who’s Who
- Unitree Robotics
- Unitree Robotics is a Chinese company founded in 2016, known for commercializing quadruped robots and holding nearly 70% of the global market share in 2023. They expanded into humanoid robotics in 2023, launching the aggressively priced G1 model. Unitree is pursuing a domestic IPO, expected by the end of Q2, and is progressing through the standard approval process. Their robots have gained prominence at national events, including the 2023 Hangzhou Asian Games.
- Citic Securities Co. Ltd.
- Citic Securities Co. Ltd. played a crucial role in Unitree Logistics' IPO process. On November 15, the China Securities Regulatory Commission announced that Unitree had completed its IPO tutoring with Citic Securities Co. Ltd., indicating a significant step toward the company's listing on the Chinese mainland.
- Gaogong Industry Institute Co. Ltd.
- Gaogong Industry Institute Co. Ltd. (GGII) is a research firm that plays a role in market analysis. In 2023, GGII estimated that Unitree Robotics held nearly 70% of the global market share for four-legged robots, highlighting Unitree's dominant position in that sector.
- DeeRooBot
- This article does not contain information about "云深处科技" (DeeRooBot). It focuses on Unitree Robotics and other Chinese embodied intelligence startups like AgiBot and Deep Robotics.
- AgiBot
- AgiBot, a Tencent-backed embodied intelligence firm, announced in July its plans to acquire at least a 63.62% stake in Swancor Advanced Materials Co. Ltd. Swancor is a company listed on Shanghai's STAR Market that produces high-performance corrosion-resistant materials and wind turbine blade components.
- Swancor Advanced Materials Co. Ltd.
- Swancor Advanced Materials Co. Ltd. (上纬先进材料) is a company listed on Shanghai's STAR Market. It specializes in manufacturing high-performance corrosion-resistant materials and components for wind turbine blades. In July, the embodied intelligence firm AgiBot, backed by Tencent, announced plans to acquire a majority stake (at least 63.62%) in Swancor.
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What Happened When
- 2016：
- Unitree Robotics was founded.
- 2023：
- Unitree held nearly 70% of the global quadruped robot market and its machines gained attention at the Hangzhou Asian Games.
- August 2023：
- Unitree unveiled its first humanoid robot model.
- May 2024：
- Unitree launched the lightweight humanoid G1, priced at 99,000 yuan ($13,600).
- Lunar New Year 2025：
- Unitree humanoid robots performed at the Lunar New Year Gala.
- November 15, 2025：
- China Securities Regulatory Commission announced Unitree completed IPO tutoring with Citic Securities.
- December 23, 2025：
- Deep Robotics initiated IPO tutoring filing.
- December 25, 2025：
- Deep Robotics completed a Pre-IPO funding round led by a national AI industry fund.
- February 2026：
- Unitree CEO Wang Xingxing attended a high-level entrepreneurs’ forum.
AI generated, for reference only
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