Unitree Set For Shanghai Listing After $905m IPO Draws Record Demand

Unitree Set for Shanghai Listing After $905m IPO Draws Record Demand Unitree Robotics, the world’s largest humanoid robot maker by sales, is set to begin trading on Shanghai’s STAR Market after raising 6.1 billion yuan $905 million in its initial public offering.

The Hangzhou-based company’s retail offering was more than 8,000 times oversubscribed, setting a record for the technology-focused exchange and underscoring intense investor enthusiasm for China’s rapidly expanding humanoid robotics industry. Unitree priced its shares at 150.80 yuan each, giving the company an implied valuation of roughly $9 billion. The IPO makes Unitree the first general-purpose humanoid robotics company to list on mainland China’s stock market. The company has emerged as a major player in the global humanoid robotics market, with Unitree saying it had delivered about 18,000 bipedal humanoid robots across its different models by July 2026. Its products have attracted attention for their ability to walk, run, dance and perform martial-arts movements.

Investor excitement has been reinforced by the broader expansion of China’s robotics sector. China accounted for 82 per cent of global humanoid robot shipments, according to recent industry data cited by Reuters, although the sector is increasingly under pressure to demonstrate practical commercial applications and sustainable returns. Unitree has also unveiled a new high-speed humanoid robot called “Superman”, which the company says can perform a two-metre standing jump and reach a top speed of 12.66 metres per second. Despite the enthusiasm surrounding the listing, analysts caution that the humanoid robotics industry remains at an early stage. High production costs, uncertain large-scale adoption, competition and geopolitical restrictions could pose challenges as manufacturers attempt to move beyond demonstrations and into commercially viable applications. Unitree’s highly anticipated Shanghai debut is therefore being closely watched as a potential milestone for China’s robotics industry and a test of whether investor enthusiasm can translate into long-term commercial value.