Chinese humanoid robot maker Unitree Robotics said on Thursday it had set the price for its initial public offering on Shanghai's STAR Market at 150.80 yuan ($21) per share, as the company moves closer to becoming one of China's first publicly listed humanoid robot firms.

Unitree Technology expects a valuation exceeding fifty billion yuan after its Shanghai IPO. The robot maker aims to raise funds for innovation and production expansion. This…

The offering is emerging as an early test of whether public markets will support the lofty valuations attached to China’s humanoid-robot sector