Unitree Robotics, officially known as Yushu Technology, priced its initial public offering (IPO) on Shanghai’s STAR Market at 150.8 yuan per share, raising about 6.1 billion yuan (US$900 million) by selling 40.4 million shares [1, 2, 3, 4, 5].
Retail investors showed massive enthusiasm, with the IPO’s retail portion subscribed 5,526 times, drawing 9.8 million individual orders [1, 2, 3, 4]. This retail oversubscription level marks one of the highest for the STAR Market.
Unitree is mainland China’s first publicly traded humanoid robot maker and is expected to make its market debut in August 2026. The company’s IPO valuation was approximately 61 billion yuan (around US$900 million to US$1.2 billion), positioning Unitree as a major player in China’s AI and robotics sectors [1, 2, 3, 4, 5].
About 20% of the shares were allocated to strategic investors, including AI startup DeepSeek, affiliated with Tencent, and state-owned enterprises China National Petroleum Corp, China Southern Power Grid, and China Telecom [1, 2, 4]. DeepSeek received a 2.31% stake with a three-year lockup period and works closely with Unitree to develop embodied-intelligence models for humanoid robots [1, 2, 4].
The robust investor demand for Unitree reflects Beijing’s strategic focus on physical AI technologies and humanoid robots [1, 2, 4]. Analysts say Unitree’s successful listing could pave the way for other Chinese robotics firms, such as Leju Robotics, Deep Robotics, and Shanghai AgiBot Innovation Technology, to follow with public offerings [1, 2, 4]. Notably, Shanghai AgiBot started preparing for a Hong Kong listing in July 2026 [1, 2, 4].
Unitree officially released the IPO subscription data on August 10, confirming the extraordinary retail oversubscription [1, 2, 3, 4]. The company is scheduled to debut on the STAR Market later this month.
The next step is Unitree’s public listing on Shanghai’s STAR Market in August 2026, marking a key milestone for its expansion.
