Strong investor demand as Unitree branches out in IPO

Mainland robot manufacturer Unitree Robotics initiated subscriptions for its initial public offering (IPO) on the Shanghai Stock Exchange's Star Market on Monday. The decision followed a preliminary offline price inquiry that demonstrated robust investor interest. The Hong Kong-based firm is offering over 40.44 million shares, valued at 150.80 yuan each, which constitutes 10 percent of its post-offering share capital.

This IPO is anticipated to generate approximately 6.1 billion yuan in gross proceeds. After considering invalid bids and the highest-priced subscription portion, the remaining proposed offline subscriptions amounted to 71.463 billion shares, indicating a subscription volume 2,760.67 times greater than the initial offline offering size prior to strategic placement adjustments, as per the issuance announcement.

Unitree primarily designs, manufactures, and sells advanced, multi-purpose humanoid and quadruped robots, robot components, and embodied intelligence models. According to its prospectus, the company positions itself as a civilian robotics enterprise with expertise in core robot parts, motion control, robot sensing, and related comprehensive fields.

Unitree's official website emphasizes its role as a civilian robotics company with leadership in crucial robot components, motion control, robot sensing, and other related domains. The prospectus reveals that Unitree sold 33,294 quadruped robots and 5,632 humanoid robots between 2023 and 2025. In 2025, the company's humanoid robot shipments surpassed 5,500 units, excluding wheeled dual-arm robots.

The Chinese securities regulator granted Unitree's IPO registration application on July 1, as confirmed by Xinhua news agency.