Shares of Unitree Robotics soared in their Shanghai trading debut on Wednesday, with the Chinese humanoid robot maker briefly rising more than sixfold as investors rushed into one of the country’s highest-profile artificial intelligence and robotics listings.The stock opened at 1,100 yuan on the technology-focused STAR Market, up 629% from its initial public offering price of 150.80 yuan. It later pared gains and closed at 845 yuan, still up 460% on the day.
At the peak, the surge valued Unitree at roughly 445 billion yuan, or about $66 billion. The closing price left the company with a market capitalization of around 342 billion yuan, near $50 billion. Unitree raised approximately 6.1 billion yuan, or about $900 million, in the offering.The Hangzhou-based company, officially known as Yushu Technology Co., is widely regarded as China’s best-known maker of humanoid robots.
Its machines can walk, run, dance and perform other agile movements, and the firm has drawn attention both domestically and overseas. Overseas sales accounted for a significant share of its recent revenue.Unitree’s IPO was heavily oversubscribed by retail investors. The company is the first major pure-play humanoid robotics firm to list on a mainland Chinese exchange. It has received backing from major Chinese technology companies including Tencent, Alibaba and DeepSeek.
Founder Wang Xingxing retains a substantial stake. The strong debut added significantly to his paper wealth.Analysts said the rally reflected both confidence in Unitree’s technology and broader speculative enthusiasm for humanoid robots and embodied AI, even as the wider STAR Market index fell sharply on the day.
Unitree competes in a rapidly growing sector that also includes international players developing similar machines for industrial, commercial and research uses.The listing comes as China pushes to lead in robotics and artificial intelligence hardware, while the United States and other countries advance their own humanoid and physical AI efforts.
Unitree’s revenue and profit grew strongly in the most recent reported periods, according to company filings ahead of the IPO. Trading volume was heavy on the first day. The debut marks a milestone for China’s robotics industry and gives public investors a rare direct way to buy into a leading humanoid robot maker.
