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Unitree shares jump 460% on their first day in Shanghai
RoboResale
China's best-known humanoid maker is now a listed company, worth tens of billions of dollars after a debut that drew record demand.
Unitree Robotics began trading on Shanghai's STAR Market on 19 August, the first humanoid robot maker to list in mainland China. Shares priced at 150.8 yuan opened at 1,100 yuan and closed the day 460% higher.
At its peak the company was worth up to 445 billion yuan, about US$66 billion. The offering raised about US$905 million, and investors asked for more than 8,000 times the shares on offer, a record for the STAR Market.
Why investors want in
Unitree is one of the few humanoid makers with real revenue, profit and production volume. It shipped more than 5,500 humanoids in 2025, and days before listing it showed a prototype called Superman that runs at 12.66 metres a second and jumps two metres from standing.
Analysts were more careful. Unitree is strongest in research, education and development, and its challenge now is turning its lead in hardware into robots that do useful work.
