Unitree prepares for Shanghai IPO amid massive retail investor demand

Unitree humanoid robots IPO Shanghai STAR Market robotics industry

Unitree, a prominent Chinese manufacturer of humanoid and quadrupedal robots, is set to launch its initial public offering (IPO) on the Shanghai STAR Market. The company, based in Hangzhou, aims to raise approximately 6 billion yuan (roughly 770 million to 900 million USD) at a valuation of approximately 9 billion USD.

The IPO has generated massive investor interest, particularly among retail investors. The retail tranche was reported to be oversubscribed by more than 5,500 times, with some reports indicating initial demand exceeded 8,000 times. Due to this intense demand, a clawback mechanism was triggered to reallocate shares from institutional to retail investors. Consequently, the final subscription rate for retail investors was approximately 0.018 percent.

Unitree's offering price is set at 150.80 yuan per share. The company reported delivering 5,500 humanoid robots in 2025. Institutional interest includes hedge funds linked to DeepSeek founder Liang Wenfeng. While the company has achieved significant cultural visibility through viral videos of its robots, analysts note that the high valuation reflects intense market enthusiasm for AI and robotics in China, despite the fact that widespread commercial application of humanoid robots is still in its early stages.

Entities

DeepSeek · Elon Musk · Hangzhou · Liang Wenfeng · Shanghai STAR Market · Shanghai Stock Exchange · Tesla · Unitree · Wang Xingxing

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Institutional investors in the offering included hedge funds linked to DeepSeek founder Liang Wenfeng. www.dagensps.se · www.expansion.com
[● 5 SOURCES] The company aims to raise more than 6 billion yuan (approximately 770 million to 900 million USD) through the IPO. www.business-punk.com · www.it-boltwise.de · www.dagensps.se · www.expansion.com · kurier.at
[● 5 SOURCES] Unitree is preparing to become the first humanoid robot manufacturer to list on the Shanghai STAR Market. www.business-punk.com · www.it-boltwise.de · www.dagensps.se · theinitium.com · www.expansion.com
[○ 1 SOURCE] Unitree delivered 5,500 humanoid robots during 2025. www.dagensps.se
[DISPUTED] The final subscription rate for retail investors was approximately 0.018 percent. www.business-punk.com · www.dagensps.se · www.ithome.com
[● 2 SOURCES] The retail tranche was oversubscribed by more than 5,500 times. www.dagensps.se · www.expansion.com
[● 3 SOURCES] The company is valued at approximately 9 billion USD. www.dagensps.se · www.expansion.com · www.finanznachrichten.de
[● 3 SOURCES] The offering price was set at 150.80 yuan per share. www.business-punk.com · www.dagensps.se · www.ithome.com