Newsletter Subscribe
Enter your email address below and subscribe to our newsletter
[forminator_form id="25163"]

japantimes+1moneycontrol+1247wallstChinese humanoid robot maker Unitree Robotics has priced its Shanghai Stock Exchange initial public offering at 150.80 yuan per share, seeking to raise 6.1 billion yuan (approximately $904 million) in a deal that makes it the first mainland-listed humanoid robot manufacturer.japantimes+1
The retail tranche was oversubscribed 8,289 times, with nearly 9.8 million individual investors submitting orders, according to the company's filings. The final allocation rate for retail investors was approximately 0.0181 percent, meaning roughly one in every 5,525 applicants received shares. The IPO values Unitree at 219 times its 2025 earnings and approximately $9 billion in total market capitalization.moneycontrol+2
Founded in 2016 in Hangzhou, Unitree initially gained recognition for its quadruped robots before expanding into humanoid machines, including the G1 model marketed for research and education. The company's revenue surged to 1.7 billion yuan in 2025, more than four times its previous-year figure, with humanoid robots accounting for 867.8 million yuan — overtaking four-legged machines as its largest revenue source.newsbytesapp+1
Strategic investors in the offering include Tencent's Qishan Investment and DeepSeek, according to placement results.streamlinefeed
The blockbuster demand triggered a broader rally in robotics and physical AI stocks on Tuesday. Ouster rose 7 percent, Teradyne gained 3 percent, and Symbotic added 3 percent as investors chased exposure to the theme. Aeva Technologies extended a one-week gain of 29 percent tied to partnerships with Daimler Truck and Nvidia's DRIVE Hyperion programs.247wallst
According to MarketWatch News Corp , the Unitree listing "may be just the beginning of an investor frenzy over humanoid-robot stocks," as several other Chinese robotics firms prepare for possible public listings. The company still faces headwinds, including potential U.S. restrictions on foreign-made humanoid and quadruped robots that could limit future sales.marketwatch+1