Unitree Robotics surges 629% to US$66 billion valuation in Shanghai share debut

Unitree Robotics, a leading Chinese humanoid robot maker, has made a significant debut on the Shanghai stock market with its shares surging 629% above their initial public offering price to open at 1,100 yuan. The company's market capitalisation was valued at approximately 445 billion yuan (US$66 billion), marking it as the first listing of a humanoid robot maker on a mainland exchange.

The IPO, which raised about 6.1 billion yuan by selling 40.45 million shares, attracted intense interest from nearly 9.8 million retail investment accounts competing for just 9.7 million shares, resulting in a final allocation rate of only 0.018 percent. The offering coincides with the World Robot Conference in Beijing, highlighting the growing importance of robotics in China's technology sector as the country intensifies its competition with the US.

Unitree's revenue for 2025 reached 1.7 billion yuan, a fourfold increase from the previous year, with humanoid robots contributing 868 million yuan of this revenue. The company's latest model, 'Superman,' showcased the ability to jump 2 meters and run at a top speed of 12.66 meters per second.

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