Unitree Robotics, the Chinese humanoid robot maker also known as Yushu Technology, just became the hottest IPO ticket in Shanghai. Retail investors piled in with such ferocity that the offering was oversubscribed by more than 2,700 times the shares on offer.
The company priced its IPO at 150.8 yuan ($22.34) per share on August 6, 2026, putting its total valuation at approximately 61 billion yuan, or about $9.04 billion. Subscriptions opened on August 10, and the result was the kind of demand that makes investment bankers start humming to themselves.
The numbers behind the frenzy
Unitree is selling 40.45 million new shares, representing 10% of its enlarged share capital, aiming to raise 6.1 billion yuan ($904 million).
The listing makes Unitree the first pure-play humanoid robot company to go public on mainland Chinese exchanges.
