Unitree Clears China’s First Humanoid-Robot IPO
Unitree Robotics cleared Shanghai’s listing review to become China’s first listed humanoid-robot maker, aiming to raise ~¥4.2B (~$617M) at a ~$6.2B valuation.
TL;DR — Unitree Robotics cleared the Shanghai Stock Exchange’s listing review to become China’s first listed humanoid-robot maker, aiming to raise about ¥4.2 billion (~$617M) at a ~$6.2 billion valuation after 2025 revenue jumped 335%.
The race to commercialize humanoid robots just reached the stock market. On June 1, 2026, Unitree cleared the path to become China’s first listed humanoid-robot maker.
The listing
Unitree Robotics won approval from the Shanghai Stock Exchange’s listing-review committee to list on the STAR Market — set to become China’s first listed humanoid-robot maker. It plans to issue no fewer than 40,446,400 new shares to raise about ¥4.202 billion (~$617 million) at a targeted valuation near $6.2 billion, approved just 73 days after filing. Founder Wang Xingxing controls 68.78% of voting rights; 2025 revenue was ¥1.708 billion, up 335%.
| Metric | Figure |
|---|---|
| Raise | |
| Valuation | ~$6.2B |
| 2025 revenue | ¥1.708B (+335%) |
| Founder voting control | 68.78% |
The details
Founder and CEO Wang Xingxing has estimated global humanoid-robot shipments could reach at least tens of thousands of units in 2026, with Unitree targeting roughly 10,000–20,000 units — framing the listing as a milestone for "embodied AI."
Why it matters
- First mover on the public markets. US rivals (Figure, 1X, Tesla’s Optimus) remain private.
- Embodied AI goes mainstream. A "robot stock" gives investors direct exposure to humanoids.
- China’s robotics push. It underscores Beijing’s drive to lead in humanoid manufacturing.
FAQ
What is notable about Unitree’s IPO?
Unitree is set to become China’s first listed humanoid-robot maker after clearing the Shanghai Stock Exchange’s listing review on June 1, 2026. It aims to raise about ¥4.2 billion (~$617 million) at a roughly $6.2 billion valuation.
How fast is Unitree growing?
Its 2025 revenue was ¥1.708 billion, up 335% year over year. Founder Wang Xingxing controls 68.78% of voting rights and has estimated global humanoid-robot shipments could reach tens of thousands of units in 2026.
Sources
- Caixin — Unitree advances toward $618M Shanghai IPO
- Reuters/TradingView — Unitree IPO approved by SSE committee
Image: “Unitree humanoid robot (Japan Mobility Show 2025)” by RuinDig / Yuki Uchida, CC BY 4.0, via Wikimedia Commons.
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