Chinese robot maker Unitree Robotics has received regulatory approval for a Shanghai listing through which it plans to raise 4.2 billion yuan ($619.4 million), moving it closer to one of China's most watched technology initial public offerings.
The approval comes as China's onshore IPO market shows signs of life after a long slowdown. China Resources New Energy shares more than doubled in their Shenzhen debut on Thursday after the wind and solar company raised 24.5 billion yuan, Asia's biggest IPO so far this year.
