Chinese humanoid-robotics leader Unitree Robotics has priced its Shanghai STAR Market initial public offering at 150.80 yuan per share, seeking to raise about 6.1 billion yuan (roughly $904 million) at a valuation near 61 billion yuan ($9.04 billion). The pricing puts the Hangzhou company on track to become mainland China's first listed maker focused primarily on humanoid robots.
Deal Structure And Anchor Investor
Unitree will issue about 40.44 million shares, equivalent to 10% of its enlarged share capital, with subscription starting August 10 and payment due by August 12. CITIC Securities is lead underwriter. A notable strategic placement went to Chinese AI company DeepSeek, whose participation ties two of China's most watched AI names together ahead of the debut.
Proceeds And Product Roadmap
Unitree said proceeds will fund robot software and hardware R&D, new product launches, and expansion of its manufacturing base. The company is best known for its Go2 quadruped, its H1 and G1 humanoid platforms, and the recently teased GD01 mecha. Its European rollout of the H1 Pro earlier this summer marked the first three-continent commercial deployment for a Chinese humanoid.
Market Backdrop
The listing arrives while US regulators tighten access to Chinese robotics. The FCC last month imposed import restrictions on Chinese humanoid and quadruped robots, a move that shuts newcomers such as BYD's Xiao Di out of the US market and effectively hands Unitree home-court momentum in Asia and Europe. Analysts view the STAR listing as a bellwether for public-market appetite for physical-AI names, following IonQ, Base Power and other recent robotics-adjacent capital events.
Reporting based on coverage from CNBC, Global Times and Bloomberg.