Media365
The Hangzhou-based unicorn passed regulatory checks with the Zhejiang Securities Regulatory Bureau, concluding a pre-listing tutoring period that began on July 18, the China Securities Regulatory Commission’s website showed.
The filing did not specify the fundraising target or listing timeline.
Unitree is aiming for a valuation of up to US$7 billion in a listing on Shanghai’s Nasdaq-style Star Market, according to a Reuters report in September. The company previously said it planned to file a formal IPO application between October and December.
To facilitate the public stock offering, Unitree transitioned from a limited liability company to a joint-stock limited company, according to records from the Chinese corporate database Qichacha published on May 30.
