IPO
Company Profile
Hangzhou humanoid and quadruped robot maker — the world's top humanoid shipper with 5,500+ humanoids delivered in 2025 — whose priced STAR Market IPO makes it China's first listed humanoid robotics company.
Founded 2016Hangzhou, China$9.0B (IPO priced at RMB 150.8/share, Aug 6 2026; ~$904M raise) valuation$235M revenue in 2025 with ~60% gross margins (IPO prospectus) run rate
Investors
TencentAlibabaAnt GroupGeelyHongShanChina Mobile Fund
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Funding & Valuation History
from our coverage| Date | Event | Amount | Valuation | Source |
|---|---|---|---|---|
| Aug 6, 2026 | IPO pricing (Shanghai STAR Market; trading expected Aug 17-21, 2026) | ~$904M | $9.0B | — |
Unitree Robotics FAQ
- What is Unitree Robotics's valuation in 2026?
- Unitree Robotics was last valued at $9.0B (IPO priced at RMB 150.8/share, Aug 6 2026; ~$904M raise) in its most recent funding round. The company's revenue run rate is $235M revenue in 2025 with ~60% gross margins (IPO prospectus).
- How much has Unitree Robotics raised?
- Across the funding rounds Value Add Pulse has covered, Unitree Robotics has raised at least $904M.
- Is Unitree Robotics publicly traded?
- No. Unitree Robotics is privately held, last valued at $9.0B (IPO priced at RMB 150.8/share, Aug 6 2026; ~$904M raise).
- Who are Unitree Robotics's investors?
- Unitree Robotics's investors include Tencent, Alibaba, Ant Group, Geely, HongShan, China Mobile Fund.
Coverage Timeline
newest first- Aug 12, 2026IPOUnitree's $9B IPO Subscription Closes, Debut Set for Late August~$900M raise at $9B valuation→
- Aug 10, 2026IPOUnitree's STAR Market IPO Subscription Opens at $9B→
- Aug 6, 2026IPOUnitree Prices IPO at $9B on Shanghai Market$904M IPO, ~$9B valuation→
- Aug 4, 2026IPORobotics' IPO Pipeline: Who's Actually Ready→
- Aug 3, 2026IPOUnitree's IPO Gives Humanoid Robotics a Real Price Tag→
- Aug 3, 2026IPOUnitree's IPO Subscription Opens August 10 -- What Changed→
- Aug 3, 2026IPOThe US Just Blacklisted Foreign Humanoid Robots→
- Aug 3, 2026IPOWhat Unitree's Shanghai Listing Means for US Investors→
- Jul 31, 2026IPOUnitree Sets Shanghai IPO Subscription Dates~$618M target→
- Jul 29, 2026REGULATIONUS Bans New Chinese Humanoid Robot Imports→
- Jul 13, 2026IPOChinese Humanoid Robotics Startups Rush Toward IPOs$2.21B (LimX)→
All Coverage
IPO~$900M raise at $9B valuation
Unitree's $9B IPO Subscription Closes, Debut Set for Late August
Unitree's STAR Market IPO subscription window closed Wednesday after pricing at 150.80 yuan a share and a $9 billion valuation, with the humanoid robot maker's Shanghai trading debut now expected between August 17 and 21.
FOLLOW-UP
IPO
Unitree's STAR Market IPO Subscription Opens at $9B
IPO
Unitree's STAR Market IPO Subscription Opens at $9B
Unitree's Shanghai STAR Market IPO subscription formally opened at a roughly $9 billion valuation, the first profitable, scaled humanoid robotics company to go public on a major exchange.
FOLLOW-UP
IPO
Unitree Prices IPO at $9B on Shanghai Market
IPO$904M IPO, ~$9B valuation
Unitree Prices IPO at $9B on Shanghai Market
Unitree Robotics priced its Shanghai STAR Market IPO at 150.80 yuan a share, raising roughly $904 million and valuing China's first publicly traded humanoid robot maker at about $9 billion.
BRIEF
IPO
Robotics' IPO Pipeline: Who's Actually Ready
IPO
Robotics' IPO Pipeline: Who's Actually Ready
Figure AI at a private $39B valuation and China's Unitree pursuing a Shanghai STAR Market listing represent two very different paths to a robotics IPO -- and neither looks genuinely ready by the disclosure standards Cerebras and SpaceX have just set.
IPO
Unitree's IPO Gives Humanoid Robotics a Real Price Tag
IPO
Unitree's IPO Gives Humanoid Robotics a Real Price Tag
Unitree's Shanghai IPO, with secondary-market chatter running toward $14.8 billion against a $6.2 billion base, is about to give the humanoid-robotics sector its first transparent public price -- a sharp contrast to Figure's opaque $39 billion private mark.
IPO
Unitree's IPO Subscription Opens August 10 -- What Changed
IPO
Unitree's IPO Subscription Opens August 10 -- What Changed
Unitree set public subscription for August 10 on its Shanghai STAR Market IPO, offering 40.45 million shares, with first-half 2026 revenue guidance implying 35.6-45.4% year-over-year growth.
IPO
The US Just Blacklisted Foreign Humanoid Robots
IPO
The US Just Blacklisted Foreign Humanoid Robots
The US added foreign-made humanoid and quadruped robots to the FCC's national-security Covered List just days before Unitree's Shanghai IPO, effectively closing off what would otherwise be China's largest addressable robotics market.
IPO
What Unitree's Shanghai Listing Means for US Investors
IPO
What Unitree's Shanghai Listing Means for US Investors
Unitree Robotics choosing Shanghai's STAR Market over a US listing for its IPO is a clear example of how US-China tensions are pushing China's most valuable AI and robotics companies to list at home, cutting off ordinary US investors from direct access.
IPO
Unitree Sets Shanghai IPO Subscription Dates
IPO~$618M target
Unitree Sets Shanghai IPO Subscription Dates
Chinese humanoid maker Unitree Robotics set book-building for August 5 and public subscription for August 10 on its Shanghai STAR Market IPO, targeting roughly $618 million at a $6.2 billion base valuation.
REGULATION
US Bans New Chinese Humanoid Robot Imports
REGULATION
US Bans New Chinese Humanoid Robot Imports
The FCC barred imports of new Chinese-made humanoid and quadruped robots along with connected power inverters, citing national-security risk -- a move expected to hit Unitree, the global humanoid robot market leader.
IPO
Chinese Humanoid Robotics Startups Rush Toward IPOs
IPO$2.21B (LimX)
Chinese Humanoid Robotics Startups Rush Toward IPOs
LimX Dynamics and Unitree are rushing toward IPOs as Chinese humanoid-robotics companies treat a public listing as close to mandatory, following LimX's $200 million pre-IPO round at a $2.21 billion valuation.