CITIC Securities (HKG:6030, SHA:600030) estimates humanoid robot maker Unitree Robotics (SHA:688836) to be worth between 50.6 billion yuan and 55.9 billion yuan within a year of its upcoming Shanghai listing, Reuters reported Tuesday.

The Hangzhou-based firm plans to raise 4.2 billion yuan through the offering, with valuation multiples set at roughly 20 times projected sales and 80 times estimated earnings, the newswire said.

The company produces both bipedal and quadruped robots.

CITIC Securities and Unitree did not respond immediately to MT Newswires' request for comment.