Unitree prices Shanghai IPO at a $9B valuation, China's first humanoid stock
Unitree Robotics priced its Star Market IPO at 150.8 yuan per share, valuing the Hangzhou humanoid maker at 60.99 billion yuan ($9 billion). Billed as mainland China's first humanoid stock, the listing is backed by DeepSeek among other high-profile AI investors.
The debut becomes the de facto valuation benchmark for China's embodied-AI sector, which has run on private rounds and retail enthusiasm rather than public comparables. Unitree supplies an estimated 90% of the world's humanoid robots and has been squeezed by new US import restrictions on Chinese-made robots.
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