Unitree goes public on Shanghai's STAR Market

2026-08-19 · Publisher : Unitree · Domain : Robotics

Unitree becomes the first humanoid maker listed in mainland China. Priced at 150.80 yuan, the stock gains more than 600% intraday and closes up 460%, despite Unitree's addition to the Pentagon's 1260H list in June.

### Background On August 19, 2026, Unitree, founded in 2016 in Hangzhou by Wang Xingxing, debuted on the STAR Market, the technology board of the Shanghai Stock Exchange. It is the first listing of a humanoid robot maker in mainland China. ### Specifications | Item | Value | |---|---| | IPO price | 150.80 yuan per share | | Valuation at IPO | about 61 billion yuan ($9 billion) | | Intraday high | up to 1,100 yuan, a gain of more than 600% | | Market cap at peak | up to 445 billion yuan ($66 billion) | | First-day close | +460% | | Humanoids shipped in 2025 | more than 5,500 (The Guardian) | Demand from Chinese retail investors was exceptional, according to The Guardian. ### Why it matters The listing makes Unitree the stock-market showcase of Chinese humanoids, against AgiBot, Tesla or Boston Dynamics. It comes amid geopolitical tension: on June 8, 2026, the Pentagon added Unitree, along with Alibaba, Baidu and BYD, to the 1260H list of companies deemed to support the Chinese military. The designation did not dampen Chinese investors' appetite. ### Key takeaways A valuation multiplied more than fivefold in a single day reflects speculative fervor as much as industrial confidence. The listing establishes humanoid robotics as a strategic sector for Chinese markets.

Tags : Humanoïde, Chine, Financement, Bourse, Géopolitique