Unitree Robotics Files For Shanghai IPO
Unitree Robotics (SHA:688836) has submitted its prospectus for an initial public offering on the Shanghai Stock Exchange's STAR Market board.The Hangzhou-based robotics company plans to issue 40.4 million shares, accounting for a 10% stake in the firm post-issuance, according to the prospectus filed late Thursday.The preliminary price inquiry is scheduled for Aug. 5, while online and offline subscriptions are expected to begin Aug. 10.CITIC Securities will serve as the lead underwriter of the IPO.In March, Bloomberg reported that Unitree plans to raise 4.2 billion yuan from its planned IPO.Alongside the prospectus, Unitree disclosed that it expects attributable net profit in the first half to range between 258 million yuan and 306 million yuan, versus a net loss of 32 million yuan a year earlier.First-half revenue is predicted to have jumped 35.6% to 45.4% to about 1.05 billion yuan to 1.13 billion yuan.
