Unitree gets regulatory nod for landmark IPO

China's top securities regulator has approved the registration of Unitree Robotics' initial public offering on Shanghai's STAR Market, paving the way for what market participants said is set to become the A-share market's first listed humanoid robot company.

In a statement released on Thursday, the China Securities Regulatory Commission said it had approved the company's IPO registration application after considering the listing review opinions submitted by the Shanghai Stock Exchange and the company's registration documents.

The approval will remain valid for 12 months from the date of registration, the commission said.

The approval marks another step in China's efforts to channel capital market support toward cutting-edge technology companies, as humanoid robotics emerges as a closely watched frontier in the country's drive to foster new quality productive forces.