China slows humanoid robot IPO rush as hype outruns reality

Chinese regulators are putting the brakes on a rush of humanoid-robot companies seeking listings, people familiar with the matter said, as they scrutinise whether soaring valuations and revenue tied to state-backed projects reflect commercial demand.

The slowdown was mainly triggered by a volatile start for shares in Unitree Robotics, a maker of humanoid and quadruped robots, they said. The stock soared more than fivefold in its Shanghai debut a month ago and has slumped 55% from its peak.