Unitree Robotics shares begin trading in Shanghai at US$66 billion valuation

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Unitree Robotics debuted on the Shanghai Star Market on Wednesday, with its share price surging 629 percent to open at 1,100 yuan before retreating in early trading. The listing, which raised 6.1 billion yuan, valued the Hangzhou-based company at approximately US$66 billion and drew significant retail interest, with a final allocation rate of 0.018 percent. Strategic investors including DeepSeek, Tencent Holdings, and various state-backed entities participated in the offering, which coincided with the opening of the World Robot Conference in Beijing.

Consequences

The intense retail demand and participation of major tech firms and state-backed investors signal strong market interest in China's humanoid robotics sector. As the first humanoid robot maker to list on a mainland exchange, Unitree’s performance may serve as a benchmark for investor sentiment regarding the domestic robotics industry.

Sources

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