BUSINESS

Chinese Robot Maker Unitree Soars 629% in Shanghai Debut

Published: Aug. 19, 2026 10:23 a.m. GMT+8

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Unitree Robotics went public in Shanghai on Aug. 19. Photo: VCG

Shares of Chinese humanoid robot developer Unitree Robotics soared 629% on its Shanghai trading debut on Wednesday, marking the largest first-day gain for a new listing so far this year.

The company, officially known as Yushu Technology Co. Ltd., raised 6.1 billion yuan ($905 million), overshooting its initial target of 4.2 billion yuan. Shares opened at 1,100 yuan a share on the STAR Market, well above its initial public offering price of 150.8 yuan.

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Unitree Robotics shares surged 629% on debut, raising 6.1 billion yuan, exceeding its 4.2 billion yuan target.
The IPO was massively oversubscribed, setting a record low allocation rate; shares opened at 1,100 yuan versus 150.8 yuan IPO price, giving a 444.9 billion yuan valuation.
Early backer Meituan's 420 million yuan stake rose to 38.6 billion yuan; founder Wang Xingxing holds 68.8% voting rights; 30-50 robotics firms plan Hong Kong listings.

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Who’s Who

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What Happened When

Late 2023：: UBTech Robotics Corp. Ltd. opened below its offer price in Hong Kong.

Late 2024：: Shenzhen Dobot Corp. Ltd. debuted in Hong Kong with a modest 4.8% gain.

Before August 19, 2026：: Dozens of domestic robotics peers were preparing for their own public listings, with 30 to 50 robotics companies preparing to list in Hong Kong.

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