IPO
The timeline — filing to first trade
Fastest registration-to-approval run in STAR Market history| Date | Milestone | Detail | Status | Source |
|---|---|---|---|---|
| Mar 2026 | IPO application accepted | Unitree's STAR Market registration is accepted, starting the fastest review clock in the board's history. | Done | Caixin |
| Jul 1, 2026 | CSRC approves the listing | The China Securities Regulatory Commission approves registration just 104 days after acceptance — a STAR Market record. | Done | Caixin |
| Aug 5, 2026 | Book-building | Institutional book-building runs, sponsored by CITIC Securities, which had guided a 60–100 billion yuan post-listing range. | Done | Caixin |
| Aug 6, 2026 | IPO priced — ¥150.80 (~$22.30)/share | ~40.44M shares priced for a ~¥6.1B ($904M) raise at a ~¥61B ($9.04B) valuation — above the ~$6.2B base guidance. DeepSeek joins as a strategic placement investor. | Done | CNBC / Global Times |
| Aug 10, 2026 | Public subscription opens | Online and offline subscriptions run simultaneously — the retail window for mainland investors. | Done | Gasgoo / Global Times |
| Aug 12, 2026 | Subscription payment due | Subscribing investors fund their allocations. | Done | Global Times |
| Aug 19, 2026 | STAR Market debut — +629% day one | Unitree surges 629% intraday, closes up 487% at a ~$53B valuation. The IPO was oversubscribed 8,000x by retail investors. First publicly traded pure-play humanoid robotics company. | Done | Forbes / Caixin |
The field — where $9B ranks in humanoid robotics
First pure-play humanoid robotics company with a public, market-set price| Company | Status | Valuation | Key backers |
|---|---|---|---|
| Figure AI | Private (Series C) | $39B | Parkway VC, NVIDIA, Microsoft, OpenAI Startup Fund |
| 1X Technologies | Private | ~$10B | OpenAI, Tiger Global, Samsung |
| Unitree RoboticsThis IPO | Public — STAR Market (Aug 19, 2026) | ~$53B (day-one close) | ByteDance, Alibaba, Tencent; DeepSeek (placement); sponsor CITIC |
| Apptronik | Private (Series A ext.) | ~$5.3B | Google, Mercedes-Benz, B Capital |
| Agility Robotics | SPAC merger pending (Nasdaq) | ~$2.5B | Churchill Capital XI, SoftBank, Amazon |
| Tesla Optimus | Division of Tesla (~$1.5T) | No standalone value | Tesla shareholders |
Valuations as of August 2026 — private figures reflect last disclosed priced rounds. Full ranking and financials in our Unitree IPO valuation deep dive.
Go deeper on the Unitree IPO
This tracker carries the dates and the price. For the full financial picture — 2025 revenue of ~$235M growing 335% at 60% gross margins, the H1 2026 growth deceleration, the FCC Covered-List overhang, and how the $9B print compares to Figure AI's private $39B — read the analysis, and follow the story as it develops on the company hub.
Latest Unitree coverage from Value Add Pulse
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Unitree's STAR Market IPO subscription window closed Wednesday after pricing at 150.80 yuan a share and a $9 billion valuation, with the humanoid robot maker's Shanghai trading debut now expected between August 17 and 21.
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Unitree Robotics priced its Shanghai STAR Market IPO at 150.80 yuan a share, raising roughly $904 million and valuing China's first publicly traded humanoid robot maker at about $9 billion.
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IPO
Unitree's IPO Gives Humanoid Robotics a Real Price Tag
IPO
Unitree's IPO Gives Humanoid Robotics a Real Price Tag
Unitree's Shanghai IPO, with secondary-market chatter running toward $14.8 billion against a $6.2 billion base, is about to give the humanoid-robotics sector its first transparent public price -- a sharp contrast to Figure's opaque $39 billion private mark.
Unitree IPO — common questions
When did Unitree start trading?
Unitree began trading on Shanghai's STAR Market on August 19, 2026. The stock surged 629% intraday and closed up 487%, valuing the company at roughly $53 billion. The IPO was oversubscribed 8,000x by retail investors. Unitree had priced at 150.80 yuan (~$22.30) per share on August 6, 2026, after the fastest CSRC approval in STAR Market history (104 days).
What is the Unitree IPO price?
150.80 yuan per share — roughly $22.30 at August 2026 exchange rates — announced August 6, 2026. Unitree is issuing about 40.44 million shares (10% of its enlarged share capital) to raise approximately 6.1 billion yuan (~$904 million). DeepSeek joined the deal as a strategic placement investor.
What is Unitree's valuation?
After its 487% first-day close on August 19, 2026, Unitree's market cap reached roughly $53 billion — making it the second most valuable humanoid-robotics company behind Figure AI ($39B private, though now eclipsed by Unitree's public market cap). The IPO had priced at a ~$9.04 billion valuation; the debut pop implies a P/E ratio near 1,300x.
Can US investors buy Unitree stock?
Not directly in most cases. Unitree lists on Shanghai's STAR Market, which is generally restricted to mainland Chinese investors, Qualified Foreign Institutional Investors, and Stock Connect-eligible accounts — a channel typical US retail brokerages don't offer. Realistic US exposure is indirect: China-focused ETFs such as KraneShares' STAR Market fund (KSTR) or its humanoid robotics fund (KOID), both expected to add Unitree after listing. Pre-IPO secondary marketplaces have shown indicative pricing but carry real liquidity and price-discovery risk.
Is Unitree profitable, and what are its financials?
Unitree posted 2025 revenue of about 1.708 billion yuan (~$235M), up 335% year over year at roughly 60% gross margins, and shipped 5,500+ humanoid robots in 2025 — more than any other company globally. The caution flag: first-half 2026 revenue growth decelerated to roughly 40% year over year. Net income is not publicly disclosed.