头部人形机器人创企们为何争相IPO？

Core Viewpoint - The article discusses the recent IPO progress of Yushu Technology, a leading humanoid robot company in China, and the competitive landscape among top startups in the humanoid robotics sector as they rush to go public [1][3]. Summary by Sections Yushu Technology's IPO Progress - Yushu Technology completed its IPO counseling on November 10 and is now in the acceptance phase, marking a significant step towards becoming the first humanoid robot company listed on the A-share market [1][3]. - The company began its counseling process on July 8, and after four months, it is preparing to submit its IPO application, with expectations to complete the listing by the first half of 2026 [3]. Competitive Landscape in Humanoid Robotics - Other leading humanoid robot companies are also accelerating their IPO processes, with notable milestones such as Leju Robotics completing counseling registration and Zhiyuan Robotics finishing its share reform [4]. - The rush for IPOs among these companies is seen as a response to the industry's chaotic environment, where many startups are struggling to establish sustainable business models and core technological advantages [4][5]. Industry Challenges and Concerns - The article highlights concerns about the integrity of some startups in the humanoid robotics sector, with reports of deceptive practices such as misrepresenting capabilities and backgrounds to attract investment [4][5]. - The competitive pressure to go public is driven by factors such as the need for funding and the urgency of existing shareholders to realize returns, with some expressing that failure to list could jeopardize their survival [5]. External Influences and Market Dynamics - The success of Yushu Technology's IPO is influenced by the performance of other companies like Zhiyuan Robotics, which has demonstrated strong capital operation capabilities [6]. - The article notes that the overall market dynamics for humanoid robots are currently influenced by major players like Tesla, which is seen as a catalyst for the sector, although the impact of Yushu and Zhiyuan on the broader market remains limited [7].