Unitree, a Chinese humanoid robot maker, is widely expected to have an explosive stock market debut in Shanghai next week. The company, which competes with Hyundai Motor Group-owned Boston Dynamics and Tesla, is the world’s biggest humanoid-robot maker by sales and the first general-purpose robotics company to debut in mainland China.
Profitable and Perceived State Support
Unitree is already profitable, which is a major turning point for Chinese robotics. The company’s founder, Wang Xingxing, had a front-row seat at a summit with tech business leaders hosted by Chinese President Xi Jinping early last year, and the startup also has backing from some of China’s most influential tech firms, including Tencent, Alibaba, and DeepSeek.
Investors are drawn to Unitree’s perceived state support as China seeks to gain the upper hand in tech over the United States and pushes development of the sector. The company’s listing date is expected to be announced later on Friday.
Modest IPO Stirs Interest
Unitree raised a relatively modest 6.1 billion yuan ($905 million) by selling just 10% of its enlarged capital in the IPO, which has fanned expectations that investors who missed out will be eager to jump in when shares begin trading. Trading platform Hiive prices Unitree shares at roughly $62, implying a 176% upside from the IPO price.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
