August 5, 2026Chinese robot maker Unitree Technology is expected to be ​valued at more than RMB 50 billion ($7.4 billion) after ‌its planned Shanghai IPO, reports Reuters citing a report by Citic Securities, which is sponsoring the initial public offering. Citic Securities expected the Hangzhou-based company to be ​worth RMB 50.6 billion to RMB 55.9 billion six to 12 ​months after listing later this month. The valuation report, ⁠distributed to investors and seen by Reuters, is largely seen ​as guidance ahead of Wednesday’s IPO price enquiry. Unitree, which competes with ​Tesla and Boston Dynamics in making humanoid robots, aims to raise RMB 4.2 billion to fund innovation and production. Citic Securities’ report ​values Unitree roughly 20 times this year’s expected sales, and about 80 times ‌forecast ⁠earnings.