By Kane Wu and Julie Zhu

HONG KONG (Reuters) -China’s Unitree Robotics is looking at as much as 50 billion yuan ($7 billion) in company valuation for its planned initial public offering, two people with knowledge of the startup’s plans said.

Unitree said last week on its X account that it was actively advancing the IPO preparations and was expecting to submit the listing application documents in the fourth quarter of the year.

It did not provide other details including a timeline for a potential listing.

If successful, Unitree’s IPO would be one of the biggest and highest profile onshore tech listings in years, and would come as Beijing steps up efforts to support its tech champions in tapping capital markets for their funding needs.

Chinese exchanges are experiencing a gradual reviva

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