Visitors interact with a robot from Unitree Robotics during the sixth China International Consumer Products Expo (CICPE) in Haikou, South China's Hainan province, April 14, 2026. [Photo/Xinhua]
SHANGHAI -- Chinese robot maker Unitree Robotics on Monday opened subscriptions for its initial public offering (IPO) on the Shanghai Stock Exchange's STAR Market, putting a leading player in China's fast-growing humanoid robot industry in the capital-market spotlight.
The Hangzhou-based company is offering about 40.45 million shares at 150.80 yuan (about $22) each, representing 10 percent of its post-offering share capital. The offering is expected to raise about 6.10 billion yuan in gross proceeds.
The offering drew overwhelming interest during preliminary price inquiries.
After invalid bids and the highest-priced portion of proposed subscriptions were excluded, the remaining proposed offline subscriptions totaled 71.46 billion shares, 2,760.67 times the initial offline offering size before adjustment for strategic placement, according to the issuance announcement.
