Unitree Robotics Completes Successful IPO, Raising $904 Million for Humanoid AI Development
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Unitree Robotics has successfully launched its initial public offering (IPO) on the Shanghai Stock Exchange's STAR Market, raising approximately 6.1 billion yuan ($904 million) by offering 40.45 million shares at 150.8 yuan ($22.35) each. This IPO has propelled the company's valuation to around 61 billion yuan, reflecting a significant retail interest in physical artificial intelligence companies.
The overwhelming demand for Unitree's shares, with online subscriptions reaching 8,288.82 times the offered amount, underscores the growing appetite for embodied AI technologies, which are prioritized by Beijing. The IPO exceeded the company's initial fundraising target of 4.2 billion yuan, validating its aggressive hardware strategy and signaling a robust market for humanoid robotics.
Looking ahead, Unitree's strategic partnership with DeepSeek, which invested 140.8 million yuan ($20.8 million) for a 2.31 percent stake, aims to develop AI models for humanoid machines. This collaboration addresses key challenges in robotics, particularly in translating AI reasoning into physical actions. No further timeline was disclosed at the time of publication.
Original report
Unitree’s Blockbuster IPO Highlights the Scramble for Embodied AI Supremacy
HumanoidsDaily · [email protected] (Humanoids Daily Staff)This briefing is an independently written summary based on publicly available reporting and is provided for industry information and news discovery. The original report and source publication are credited and linked where applicable. RobotToday does not claim ownership of third-party source material.
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