Chinese humanoid robot maker Unitree lists on Shanghai stock exchange

Unitree Robotics, a Chinese company that makes humanoid robots, began trading on Shanghai's STAR Market on Wednesday. Its shares opened at 1,100 yuan, more than 600% above the offer price of 150.8 yuan. The IPO raised around 6.1 billion yuan, which is about $905 million. Retail investors applied for shares more than 5,000 times over the available amount, a record for the market. Unitree is the first humanoid robot company to list on a mainland Chinese stock exchange. The company is based in Hangzhou and is now valued at roughly 61 billion yuan. AI startup DeepSeek was among the strategic investors. Unitree's robots have appeared at public events in China, where they have performed dances and athletic movements.