Chinese humanoid robot maker Unitree prices IPO at $9 billion valuation
The IPO comes as the U.S. and China ratchet up trade and technology tensions, with Washington tightening Chinese access to U.S. technology and markets.
Chinese humanoid robot manufacturer Unitree has priced its Shanghai initial public offering (IPO) at a valuation of approximately $9.04 billion. The company's shares, priced at 150.8 yuan ($22.34) each, will raise 6.1 billion yuan, making Unitree the first mainland-listed maker of humanoid robots. Unitree, also known as Yushu Technology, aims to sell 40.45 million new shares, representing 10% of its enlarged share capital, on Shanghai's STAR Market.
The IPO comes amid escalating trade and technology tensions between the United States and China, with Washington imposing restrictions on Chinese access to U.S. technology and markets. Unitree's existing humanoid and four-legged robots, known for their acrobatic displays, have received U.S. approvals, but future models may face barriers for sale in the United States.
The company's IPO subscription period will begin on August 10, and proceeds will be utilized to enhance robot software and hardware, introduce new products, and establish a manufacturing facility. U.S. sales accounted for 13.3% of Unitree's revenue in 2025, while profit excluding one-time items fell 52.6% to 40.3 million yuan due to increased research and marketing expenditures.
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