Unitree, the largest manufacturer of humanoid robots listed in mainland China, raised $904 million and saw its share price rise to 629% during the session.
On August 19, 2026, Unitree Robotics shares closed their first session on the Shanghai STAR market up 460% at 845 yuan, compared to an IPO price of 150.80 yuan. During the day, the stock even reached 1,100 yuan, an increase of 629%. The IPO allowed the Hangzhou-based company to raise 6.1 billion yuan, about $904 million, for a valuation of around $50 billion at the close.
Unitree is the first manufacturer of humanoid robots to list on a stock exchange in mainland China. Its bipedal and quadruped machines, capable of running, dancing or backflipping, have earned it international notoriety far beyond the industrial sector.
The performance significantly exceeds the average of the first days of trading in China this year, which is around 279%, and comes at a time when the Chinese benchmark index was down 3% on the same day. Among the subscribers is the AI laboratory DeepSeek, to the tune of about 140.8 million yuan; Tencent was already in the capital.
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