Unitree Robotics Sets Sights on Public Listing Amidst Rapid Growth

Unitree Robotics is a Chinese robotics company that specializes in building legged robots. Founded by Wang Xingxing in Hangzhou in 2016, the company has seen significant growth and expansion since its inception. Unitree's products include quadrupeds and humanoids, with the latter being the main driver of revenue growth.

The company is set to go public on the Shanghai Stock Exchange's STAR Market under the code 688836, offering 40,446,434 new shares targeting RMB 4.202 billion. The founder, Wang Xingxing, controls 68.78% of voting power through a weighted-voting-rights structure.

Investors can trade Unitree Robotics using the UNITREEUSDT perpetual futures contract on MEXC, which is not subject to the same restrictions as buying shares directly. This allows traders to take long or short positions without having to meet residency requirements or minimum account balances.