Unitree Robotics, a Hangzhou-based company focused on humanoid robots, is moving ahead with its long-awaited listing on Shanghai’s Star Market in a deal that market participants view as a test of investor appetite for China’s fast-growing “embodied AI” and robotics sector. South China Morning Post reports that the IPO is priced at 150.8 yuan per share and values the company at 60.99 billion yuan (about US$9 billion), citing an exchange filing released Thursday evening. The publication also describes Unitree as widely marketed as the mainland’s first “humanoid stock” and notes that investor attention is supported by high-profile AI backers, including DeepSeek.
Bloomberg adds that Yushu Technology Co., operating as Unitree Robotics, is seeking to raise about 6.1 billion yuan (US$904 million) in the offering. Bloomberg describes the transaction as poised to make Unitree the first robotics maker of its kind publicly traded on the mainland.
Taken together, the reporting centers on the IPO’s size, pricing, and valuation, as well as the broader significance of the listing for China’s emerging humanoid robot market.
