China’s backflipping robot maker Unitree pops 542% in Shanghai debut
Retail investors bid more than 8,000 times the shares on offer as Unitree raised 6.1 billion yuan and became mainland China’s first listed humanoid robot maker.
- On Wednesday, Hangzhou-based Unitree Robotics made its stock market debut, with shares jumping 629% to 1,100 yuan from the 150.8 yuan IPO price as hundreds of companies gathered for the World Robot Conference in Beijing.
- China claims more than 90 percent of the humanoid market, leveraging manufacturing scale and supply chain integration; the United States is "much stronger" on software and cutting-edge research, said Counterpoint Research's Ethan Qi.
- At the Hangzhou Robot School, Deputy Director Zhao Han noted the institute aims to bridge expertise gaps "to move towards real-world application," issuing certifications "much like a human's graduation certificate" for robots trained in specific roles.
- Crypto traders on Hyperliquid had priced Unitree shares around $92 to $94 last week, implying a $38 billion valuation; the public market cleared significantly higher, with the first trade valuing the company at $66 billion.
- "The challenge goes way beyond just putting AI into a robot," warned Omdia analyst Lian Jye Su, as the company prospectus acknowledges large-scale deployment "still faces uncertainty, with a risk that progress will fall short of expectations.
233 Articles
233 Articles
World’s top humanoid robot maker surges in blockbuster market debut in China
Shares of the world’s largest humanoid robot maker by sales Unitree jumped more than 600% in its trading debut in Shanghai on Wednesday, in a testament to its status as the poster child of China’s robotic advancement. Having captured global attention with its dancing and kung-fu fighting androids, Unitree raised 6.1 billion yuan ($905 million) in its initial public offering that was oversubscribed more than 8,000 times, a record for the city’s t…
Just How Useful Are Human-Looking Robots? Very, Unitree Robotics Investors Hope
Unitree Robotics’ humanoid robots may give M3GAN a run for her money. The Hangzhou-based company’s product lineup includes bipedal bots that can do backflips, kung fu and more moves that plenty of humans (and their knees) can only dream of. The “Superman,” which the company previewed this week, can jump 2 meters and run up to 12.66 meters per second. While the robots have certainly captured the attention of the internet, they’re exciting inves…
Chinese humanoid robot maker Unitree Robotics made a hugely successful debut on the Shanghai Stock Exchange on Wednesday, with shares jumping more than 600 percent in the first hours of trading, a sign of growing investor enthusiasm for the robotics and artificial intelligence sector.
The Morning News
SlashdotChinese Robotics Giant Unitree Soars In Stock Market Debut
China’s humanoid robot race just got a major vote of confidence from investors. Unitree Robotics soared more than 460% on its Shanghai debut, closing at 845 yuan after shares were initially offered at 150.80 yuan.But why is Wall Street-style excitement building around robots that still struggle to do many everyday tasks?Unitree, founded in 2016, has quickly become one of China’s leading robotics firms. It shipped more than 5,500 humanoid robots …
The Chinese robotics company Unitree had a very successful IPO in Shanghai on Wednesday. China is at the forefront of the production of humanoid...
China's best-known robot manufacturer Unitree is making a brilliant debut on the stock market. That's exactly what Beijing is all about.
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