Unitree Robotics' initial public offering was heavily oversubscribed (5,526 times) by retail investors as China's first publicly traded humanoid robotics company prepares to enter the public markets. The IPO will help usher in physical AI to the equity market.
The Hangzhou-based humanoid robot maker raised about 6.1 billion yuan, or $904 million, after selling 40.4 million shares at 150.8 yuan each, according to Bloomberg.
The offering values Unitree at roughly 61 billion yuan, or $9 billion, ahead of its expected STAR Market debut this month. The IPO will make the firm China's first publicly traded humanoid robot manufacturer.
Top investors soaked up about 20% of the offering, including AI startup DeepSeek, a Tencent-affiliated investment vehicle, and investment arms linked to CNPC, China Southern Power Grid, and China Telecom. DeepSeek was allocated a 2.31% stake.
China Dominates The Humanoid Robot Race. Can Trump Close The Gap?
It should surprise no one that new data from Smart Analytics Global, cited by Bloomberg, shows that Chinese humanoid robot makers accounted for a staggering 97% of global shipments in the first half of 2026.
The figures come as the Trump administration increasingly recognizes that humanoids will be critical to the emerging physical AI era, creating an urgent need to build out America's robot supply ch
