Unitree Robotics surges 629% to US$66 billion valuation in Shanghai share debut

SCMP TechAugust 19, 2026en

Shares of Unitree Robotics surged 629 per cent above their initial public offering price to open at 1,100 yuan in their Shanghai trading debut on Wednesday, giving China’s best-known humanoid robot maker a market capitalisation of about 445 billion yuan (US$66 billion). The opening pop from its IPO price of 150.80 yuan was followed by a pullback, with the stock dropping below 900 yuan per share in early morning trading. Unitree’s debut coincides with the opening of the World Robot Conference in...

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