Unitree’s Shanghai IPO 5,526 times subscribed by retail buyers
Humanoid robots have become Beijing’s strategic priority
Unitree Robotics, a leading humanoid robot manufacturer based in Hangzhou, China, recently completed a highly subscribed initial public offering (IPO) that has drawn significant attention from retail investors. The retail portion of the IPO was an extraordinary 5,526 times subscribed, with individual investors submitting a staggering 9.8 million orders.
This unprecedented level of interest reflects China's growing strategic focus on AI and robotics. Unitree's IPO, which valued the company at US$9 billion, saw the company sell 40.4 million shares at 150.8 yuan each, raising approximately 6.1 billion yuan (US$904 million). With this successful listing, Unitree has become the first publicly traded humanoid robot maker in mainland China.
The company's dancing robots, showcased during the annual Spring Festival Gala, garnered global attention, further fueling investor interest in China's AI-driven robotics sector. Strategic investors, including AI startup DeepSeek and state-owned enterprise investment funds, also played a role in the IPO's success, with DeepSeek receiving a 2.31% stake allocation.
This strong investor appetite highlights the burgeoning convergence of artificial intelligence and robotics, setting the stage for potential growth in other Chinese robotics companies seeking IPOs.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
