Unitree Robotics, the Hangzhou maker of robot dogs and humanoid robots, begins trading on Shanghai's STAR Market on 19 August after pricing shares at 150.8 yuan and raising about 6.1bn yuan ($900mn), valuing the company near $9bn. Retail demand oversubscribed the offer more than 8,000 times, a STAR Market record, leaving an allocation rate of roughly 0.018 percent. Days before the float, Unitree unveiled a new high-speed humanoid nicknamed 'Superman', capable of jumping two metres and hitting 12.66 metres per second. Revenue has more than quadrupled year on year and the company has been profitable for years, though first-quarter net profit fell sharply as R&D and marketing spending rose. Rivals including AgiBot, Leju and EngineAI are chasing their own listings, while Nvidia has been spreading its bets across multiple robot makers.
Questions this post answers
How much did Unitree raise in its Shanghai IPO and what valuation did it achieve?
Unitree Robotics raised about 6.1 billion yuan (around $900 million) by pricing shares at 150.8 yuan each, selling roughly 40 million new shares, about a tenth of the enlarged company. That valued the business at close to 61 billion yuan, near $9 billion, well above earlier estimates of 42 billion and $7 billion yuan floated during the run-up to listing. Investors weighing hardware and robotics bets can follow IPO coverage like this on daily.dev.
How fast is Unitree's new humanoid robot Superman?
Unitree's newly unveiled humanoid robot, nicknamed Superman, can jump two metres from a standing position and reach speeds of 12.66 metres per second, faster over the ground than Usain Bolt at his peak. The company says it built the robot in little over three months and describes it as still a work in progress. Track fast-moving robotics and hardware milestones like this by following daily.dev.
How oversubscribed was Unitree's IPO on the Shanghai STAR Market?
Retail investors oversubscribed Unitree's STAR Market offering by more than 8,000 times, a record for that exchange, with the overall book covered several thousand times over. This left an allocation rate of roughly 0.018 percent, reflecting broader exuberance in Chinese new listings, which averaged 233 percent debut returns in the first half of 2026. Follow market reaction to major tech IPOs like this one on daily.dev.