The mystery of Unitree Robotics' IPO failing to proceed as scheduled

On January 4, according to NetEase Technology quoting insiders, the fast-track channel for Unitree Technology's A-share listing has been halted.

The so-called IPO fast-track refers to a priority review and accelerated listing channel for certain types of companies, significantly shortening the period from application to listing.

Currently, this news has not yet been confirmed by Unitree Technology.

It is worth noting that as early as mid-December 2025, this information was already circulating in the market.

As 2025 comes to a close, the fact that Unitree Technology’s prospectus is still not online to some extent validates the authenticity of the news.

Judging from the timeline of counseling and acceptance of other IPO projects, Unitree Technology's IPO progress is indeed not going smoothly.

On December 23, 2025, after sponsor CICC submitted a report on completion of Blue Arrow Aerospace's IPO counseling to the Beijing Securities Regulatory Bureau, its IPO application was accepted, with only a one-week interval.

Last September, Unitree Technology posted on foreign social media platforms that the expected submission period for its listing application was October to December 2025.

Afterwards, Unitree Technology's IPO counseling did make progress. The sponsor, CITIC Securities, had already submitted the report on completion of IPO counseling to the Securities Regulatory Bureau as early as November 15, 2025, but since then, there have been no new developments regarding the IPO.

As of January 4, 2026, Unitree Technology's IPO prospectus is still not online, indicating that its earlier expected submission date for listing materials has officially been missed.

In mid-December, due to rumors of Unitree Technology’s fast-track progress not going smoothly, the market once believed that the fast-track mechanism had slowed down.

However, Xinfeng has learned that the fast-track mechanism is currently not materially affected.

"The fast-track mechanism is still being implemented, and some of our projects have already gone through this channel," a Guangdong investment banker told Xinfeng at the time.

From an industry perspective, it is true that robotics companies have not had smooth sailings in A-share IPOs.

In December 2025, Jaka Robotics, known along with Yuejiang and Aubo as the "three collaborative robot giants," proactively withdrew its application materials for the STAR Market.

Some robotics companies have taken an alternative approach by acquiring A-share listed companies for capital operations.

For example, Zhiyuan Robotics acquired control of A-share company Shangwei New Material, while UBTECH Robotics, following a similar path, knocked on the door of A-share company Fenglong Holdings.

Thanks to the robotics boom, Shangwei New Material topped the 2025 "bull stock king" rankings with a share price increase of 1820.29%.

Whether Unitree Technology can get its listing plans back on track in 2026 and break the current deadlock still requires time to answer.

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