Hangzhou-based Unitree is reportedly planning a new financing initiative that could value the company between 10 billion yuan and 15 billion yuan (approximately $1.4 billion to $2.1 billion). Recently, Unitree restructured from a limited liability company into a joint stock limited firm, a change that allows the company to issue and transfer shares, facilitating capital raising as it expands. This transition is seen as a step towards a potential public listing on China’s stock exchanges. In communication with business partners, Unitree indicated that this structural change was made to meet the company’s development needs. The company has yet to comment on its latest investment efforts.
Is Unitree planning a pre-IPO fundraising to reach a $2 billion valuation?
