IPO
Key Metrics
Market cap
~$53B (Aug 19, 2026 debut close, Bloomberg)
As of Aug 19, 2026EstimatedValue Add Pulse research
Revenue
$235M revenue in 2025 with ~60% gross margins (IPO prospectus)
As of 2025EstimatedValue Add Pulse research
Company Snapshot
Unitree Robotics is a Robotics company, based in Hangzhou, People's Republic of China, founded 2016 by Wang Xingxing. Market cap ~$53B (Aug 19, 2026 debut close, Bloomberg) (As of Aug 19, 2026, Value Add Pulse research). Total funding $252M (As of Jun 19, 2025).
Recent changes
- Aug 19, 2026Aug 19, 2026IPO $904M raised at $50B (debut close) / $66B (intraday peak) Bloomberg
- Aug 19, 2026Aug 19, 2026First reported market cap: ~$53B (Aug 19, 2026 debut close, Bloomberg)Estimated Value Add Pulse enrichment
- Aug 19, 2026Aug 19, 2026Unitree Robotics Rockets 629% in Shanghai Trading Debut Pulse story
- Jul 31, 2026Jul 31, 2026IPO $618M at $6.2 billion Tech Times
- Jun 19, 2025Jun 19, 2025First reported total funding: $252M Crunchbase News
Earlier changes (1)
- 20252025First reported revenue: $235M revenue in 2025 with ~60% gross margins (IPO prospectus)Estimated Value Add Pulse enrichment
Funding History
2 events · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Aug 19, 2026 | ipo | $904M raised | $50B (debut close) / $66B (intraday peak) | Bloomberg | |
| Jul 31, 2026 | ipo | $618M | $6.2 billion | Pulse story |
Underlying values
| As of | Value | Method | Source |
|---|---|---|---|
| Aug 19, 2026 | ~$53B (Aug 19, 2026 debut close, Bloomberg) | Estimated | Value Add Pulse research |
| Aug 19, 2026 | ~$53B market cap at STAR Market debut close (Aug 19 2026); IPO priced at $9.0B (RMB 150.8/share, Aug 6 2026; ~$904M raise) | Estimated | Value Add Pulse research · disputed |
| Aug 19, 2026 | $50B (debut close) / $66B (intraday peak) | Reported | Bloomberg · disputed |
| Aug 6, 2026 | ~$9.04B (IPO pricing, Aug 6) | Reported | Bloomberg · disputed |
Investors
Latest Pulse
- Aug 23, 2026Unitree's 460% IPO Pop Was Normal for ChinaUnitree's robot maker debut surged 460% on its first day, an outcome that reflects the structure of Chinese IPO pricing rules more than unique enthusiasm for the company.→
- Aug 19, 2026Unitree Robotics Rockets 629% in Shanghai Trading DebutUnitree Robotics surged as much as 629% in its Shanghai debut, briefly hitting a $66B valuation before settling up 460% at roughly $47B, becoming the first humanoid robot maker listed in mainland China.→
- Aug 12, 2026Unitree's $9B IPO Subscription Closes, Debut Set for Late AugustUnitree'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.→
- Aug 10, 2026Unitree's STAR Market IPO Subscription Opens at $9BUnitree'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.→
- Aug 6, 2026Unitree Prices IPO at $9B on Shanghai MarketUnitree 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.→
- Aug 4, 2026Robotics' IPO Pipeline: Who's Actually ReadyFigure 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.→
- Aug 3, 2026Unitree's IPO Gives Humanoid Robotics a Real Price TagUnitree'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.→
- Aug 3, 2026Unitree's IPO Subscription Opens August 10 -- What ChangedUnitree 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.→
- Aug 3, 2026The US Just Blacklisted Foreign Humanoid RobotsThe 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.→
- Aug 3, 2026What Unitree's Shanghai Listing Means for US InvestorsUnitree 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.→
Coverage Timeline
newest first- Aug 23, 2026IPOUnitree's 460% IPO Pop Was Normal for China→
- Aug 19, 2026IPOUnitree Robotics Rockets 629% in Shanghai Trading Debut$904M raised, 629% debut pop→
- 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
Unitree's 460% IPO Pop Was Normal for China
Unitree's robot maker debut surged 460% on its first day, an outcome that reflects the structure of Chinese IPO pricing rules more than unique enthusiasm for the company.
DEEP DIVE
IPO
Unitree Robotics Rockets 629% in Shanghai Trading Debut
IPO$904M raised, 629% debut pop
Unitree Robotics Rockets 629% in Shanghai Trading Debut
Unitree Robotics surged as much as 629% in its Shanghai debut, briefly hitting a $66B valuation before settling up 460% at roughly $47B, becoming the first humanoid robot maker listed in mainland China.
FOLLOW-UP
IPO
Unitree's $9B IPO Subscription Closes, Debut Set for Late August
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.
Value Add Research
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Shared investors
Sources & methodologyshow
Where these figures come from
- Bloombergmajor outlet1 fact
- Crunchbase Newsresearch database1 fact
- Value Add Pulse researchValue Add VC data2 facts
- Tech TimesValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.