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Unitree Robotics IPO Soars After $900 Million STAR Listing

8/21/2026

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Summary

Unitree IPO Surge

Unitree Robotics listed on Shanghai’s STAR Market, raising $900 million at a $9 billion valuation.
The stock jumped 460% above its 150.80 yuan offer price, reaching a $66 billion market value.
Shares later fell nearly 19% to close at 687 yuan on Thursday, per LSEG data.
Founder Wang Xingxing said humanoid robots could hit a “ChatGPT moment” in 2–3 or 5–10 years.

Summary

US Blocks Robots

The United States moves to block imports of certain Chinese humanoid and quadruped robots on national-security grounds.
Unitree is the world’s largest robot-dog producer and the second-largest humanoid maker by shipments.
Unitree shipped over 5,500 humanoid robots in 2025 and about 40,000 in the first half of 2026.
Morgan Stanley doubled its forecast for Chinese humanoid output this year despite ongoing software challenges.

History

Historical Context

In May 2015 Premier Li Keqiang unveiled the Made in China 2025 plan, pledging ¥30 billion for robotics and targeting a 10 % domestic share by 2025. The policy spurred firms such as Unitree Robotics, whose $900 million STAR Market IPO this year reflects sector growth, while U.S. bans on Chinese robot imports illustrate rising security scrutiny.

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Unitree IPO Surge

Unitree Robotics listed on Shanghai’s STAR Market, raising $900 million at a $9 billion valuation.
The stock jumped 460% above its 150.80 yuan offer price, reaching a $66 billion market value.
Shares later fell nearly 19% to close at 687 yuan on Thursday, per LSEG data.
Founder Wang Xingxing said humanoid robots could hit a “ChatGPT moment” in 2–3 or 5–10 years.

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