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Unitree’s Shanghai IPO More than 8,000 Times Oversubscribed by Retail Investors
Retail investors submitted 9.8 million orders, and the offering was 5,526 times subscribed as Unitree nears a $9 billion valuation.
On Aug 10, Unitree Robotics opened books for an IPO drawing 9.8 million retail orders, with the retail portion reaching 5,526 times subscription. The offering values The Hangzhou-based company at $9 billion ahead of its STAR Market debut.
Humanoid robots represent a strategic priority for Beijing, which uses capital markets to fund its technology race against the US. Unitree gained broad public attention for its dancing robots featured at the annual Spring Festival Gala.
About 20 per cent of shares were allocated to strategic investors including China National Petroleum, China Southern Power Grid, and China Telecom. DeepSeek received a 2.31 per cent stake with a three-year lockup period.
Raising about 6.1 billion yuan, the company establishes itself as China's first publicly traded humanoid robot maker. This capital injection positions the firm to advance embodied-intelligence development through its partnership with DeepSeek.
Investor interest in physical artificial intelligence companies remains strong as other firms pursue public markets. Competitor Shanghai AgiBot Innovation Technology has started the process for a Hong Kong listing, according to Securities Daily.
The Chinese robot maker Unitree is going public on the Shanghai stock exchange this month, and investors are fighting for a spot: the shares are 5,500 times oversubscribed. That doesn't surprise Carlo van de Weijer. The director of the Eindhoven Artificial Intelligence Systems Institute (EAISI) at TU Eindhoven expects that, in the long run, there will be about as many humanoid robots walking around as humans. "There is really nothing fundamental…
9 days ago·Amsterdam, Netherlands (Kingdom of the)