Unitree to launch IPO next week as US-China robotics rivalry intensifies

Unitree Robotics will launch its initial public offering in Shanghai next week, the firm announced late on Thursday, as China’s robotics start-ups race to go public amid an intense rivalry with their counterparts in the United States. The Hangzhou-based company plans to sell 40.45 million shares, or 10 per cent of its enlarged share capital. After the listing, Unitree founder Wang Xingxing and rel