Unitree Robotics' STAR Market IPO Registration Approved, Setting Fastest Review Record at 104 Days
Taylor Wilson
China's securities regulator approved Unitree Robotics' IPO registration, just 104 days after the STAR Market accepted the filing — the fastest review under the board's pre-review mechanism. This means → the first pure humanoid-robot stock on A-shares is one step from listing.
What does a 104-day approval mean?
Unitree filed on March 20; registration took effect on July 2 — 104 days end to end, the fastest since the STAR Market's pre-review mechanism (a process that lets companies prepare materials early to shorten the listing queue) was introduced.
This means → regulators gave Unitree's filing quality and sector positioning the fastest possible green light. Only CXMT (长鑫科技) had reached a comparable speed before.
The gap between committee approval and registration was roughly one month. Unitree now moves into the share-offering phase — the last step before trading begins.
How much is it raising, and what is it worth?
The prospectus shows Unitree plans to issue at least 40.45 million shares, no less than 10% of the post-IPO total.
Target proceeds: RMB 4.2 billion, implying a pre-IPO valuation of roughly RMB 42 billion.
In plain terms = the company values itself at 42 billion yuan and is selling at least a tenth of itself to raise 4.2 billion in expansion capital.
Why is the market watching this stock?
Unitree is China's leading full-stack manufacturer of humanoid and quadruped robots. Its G1 and other half-size models hold a major share of China's 2026 humanoid-robot shipments.
Once listed, it will be A-shares' first pure humanoid-robot hardware play — no comparable peer exists on the board today.
This means → market attention boils down to two questions: is the IPO priced fairly, and can the company keep converting orders into revenue post-listing? The answers will set the valuation anchor for the entire humanoid-robot sector.
Content is for reference only, not financial advice.