Unitree’s humanoid-robot IPO rockets in Shanghai debut

Shares in Unitree Robotics surged about 600% on its Shanghai IPO debut, after pricing at RMB 150.8 per share and valuing the company around $9 billion; intraday gains peaked near 629% before settling about 578% higher as onshore retail demand overwhelmed supply. The listing made Unitree a rare pure‑play humanoid robotics stock in China, aided by strong brand recognition from festive robot performances and an oversubscribed retail tranche (over 5,500 times). Overseas revenue is a meaningful portion of earnings, and investors are pricing in steep growth amid China’s tech rally even as US restrictions on humanoid robots pose a backdrop.