According to CoinMeta, and as reported by Reuters, Chinese robotics manufacturer Unitree Technology expects its market value to exceed 5 billion RMB (approximately 7.4 billion USD) after its planned listing in Shanghai IPO. CITIC Securities predicts that the company's market value will reach 50.6 to 55.9 billion RMB within 6 to 12 months after listing. Unitree aims to raise 4.2 billion RMB for innovation and production, with robotics considered a key strategic industry in China's technological competition with the United States. A report by CITIC Securities indicates that Unitree is valued at about 20 times this year's expected sales and 80 times the projected earnings. The company also produces quadruped robots and is described as a "globally renowned high-performance general-purpose robotics manufacturer." Unitree will determine the price of IPO on Thursday and will accept investor subscriptions on Friday.