Unitree Robotics Surges 542% in Shanghai Debut After Landmark Humanoid Robot IPO

Unitree Robotics shares soared 542% in early trading Wednesday on their first day in Shanghai, capping one of the most anticipated Chinese IPOs in recent memory. The Hangzhou-based company, whose backflipping and dancing humanoid robots have drawn global attention, raised approximately 6.1 billion yuan, about $904-905 million, making it the first publicly traded humanoid robot maker in mainland China. The offering was priced at 150.8 yuan per share, giving Unitree a valuation of around 61 billion yuan, or $9 billion, at listing.

Retail demand was extraordinary: the public portion of the IPO was subscribed 5,526 times, with individual investors submitting roughly 9.8 million orders for an estimated 8.1 trillion yuan worth of shares.