Chinese Robot Maker Unitree Prices Shanghai IPO
The listing would give investors a rare public valuation for a leading humanoid robot maker as demand and trade-policy risks remain uncertain.
- On Thursday, Unitree Robotics priced shares at around $22 on the Shanghai Stock Exchange, seeking to raise about $900 million in a deal valuing the Hangzhou-based robot maker at roughly $9 billion.
- Unitree shipped more humanoid robots than any other manufacturer last year, with products ranging from less than $5,000 to more than $150,000 spanning industrial, educational and consumer markets.
- Analysts at CLSA forecast the global humanoid market reaching $69 billion by 2030, while Morgan Stanley projects it could exceed $5 trillion by 2050, with robots operating in varied environments through "embodied AI."
- Beijing threatened retaliation against the United States, accusing Washington of "overstretching the concept of national security" after the Federal Communications Commission announced plans to ban new Chinese-made humanoid robots.
- Although revenue rose 68% from a year earlier, Unitree warned that intensifying competition and softer demand slowed growth, with profit falling 55% and the large commercial market for robots remaining uncertain.
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The company would thus become the first publicly listed manufacturer of humanoid robots on mainland China. Investors include well-known companies.
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Unitree Robotics has priced its Shanghai STAR Market IPO at RMB150.80 per share, with 40.45 million shares to be issued. The final strategic-placement list allocated 933,900 shares worth about RMB141 million to Hangzhou DeepSeek AI Basic Technology Research, the developer of DeepSeek. The allocation is subject to a 36-month lockup. Unitree said strategic investors were selected partly for potential cooperation in large models, embodied intellige…
Chinese humanoid robot companies are successively pursuing stock market listings. With the Chinese government providing policy support for the development of the humanoid industry, these companies are also stepping up to raise large amounts of capital. Predictions suggest that the competitiveness of Chinese companies in the global humanoid market is likely to be further strengthened. According to the robotics industry on the 7th, on the previous…
China’s robots know Kung Fu and can scale walls. Can they woo investors?
China's leading humanoid robot maker, Unitree Robotics, has launched a $900 million Shanghai IPO, betting that investor enthusiasm for AI-powered robots will outweigh concerns over the industry's commercial prospects and rising geopolitical tensions.
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