China's robot maker Unitree opens IPO subscription after strong preliminary demand

SHANGHAI -- Chinese robot maker Unitree Robotics on Monday opened subscriptions for its initial public offering (IPO) on the Shanghai Stock Exchange's sci-tech innovation board, or STAR Market, following a preliminary offline price inquiry that indicated strong investor demand.

The Hangzhou-based company is offering 40.446434 million shares at 150.80 yuan (about $22) each, representing 10 percent of its post-offering share capital. The offering is expected to raise about 6.10 billion yuan in gross proceeds.

After invalid bids and the highest-priced portion of proposed subscriptions were excluded, the remaining proposed offline subscriptions totaled 71.463 billion shares, 2,760.67 times the initial offline offering size before adjustment for strategic placement, according to the issuance announcement.

According to its prospectus, Unitree mainly develops, produces and sells high-performance general-purpose humanoid and quadruped robots, robot components and embodied intelligence models. On its official website, Unitree describes itself as a civilian robotics company with leadership in core robot parts, motion control, robot sensing and other comprehensive fields.

The prospectus shows that from 2023 to 2025, Unitree sold 33,294 quadruped robots and 5,632 humanoid robots. Its humanoid robot shipments exceeded 5,500 units in 2025, excluding wheeled dual-arm robots.

China's securities regulator approved Unitree's IPO registration application in a decision dated July 1.