- Unitree will debut on Shanghai’s STAR Market with a valuation of about $9 billion
- The IPO gives China’s embodied AI sector its first public-market benchmark
Unitree (宇树科技) will officially list on the Shanghai Stock Exchange’s STAR Market on August 19, becoming the first publicly traded Chinese company identified as a humanoid robotics leader.
The Hangzhou-based company will debut at an IPO price of 150.8 yuan per share, implying a market capitalization of about 60.99 billion yuan ($9 billion). The offering is expected to raise about 6.1 billion yuan.
DeepSeek was allocated 933,400 shares, worth about 141 million yuan at the IPO price, making it one of the more notable strategic investors.
Unitree’s IPO process took less than five months from acceptance of its prospectus to listing, among the fastest such processes on the STAR Market.
Investor demand was exceptionally strong: the final online subscription rate was just 0.0181%, requiring roughly 5,040 subscription lots to win one.
Retail subscriptions exceeded 8,000 times the shares available, setting a new STAR Market record.
The company reported about 1.7 billion yuan in revenue and more than 600 million yuan in net profit in 2025, while shipping more than 5,500 humanoid robots, the highest volume globally.
It expects first-half 2026 revenue of 1.052 billion to 1.128 billion yuan, up 35.6% to 45.4% year on year.
Why it matters globally
For global investors, Unitree’s listing provides the embodied AI sector with its first clear public-market valuation benchmark in China.
The company became globally known for videos of its robots performing back flips and martial arts.
Its public-market debut now shifts the question from whether such demonstrations can attract attention to whether robots can generate sustainable demand and profits.
A roughly 61 billion yuan valuation is the market’s opening answer. The harder test will come on factory floors and in homes.
