China Approves Unitree Robotics’ Shanghai Listing Registration, Valuing IPO at $619M
July 3, 2026 – 9:56 am
Image by: Xuthoria
China’s securities regulator has approved Unitree Robotics’ registration to list on Shanghai’s STAR Market, clearing the last formal hurdle before the humanoid robot maker can price and sell shares.
The approval, confirmed by Reuters on Thursday, values the planned offering at roughly $619 million, or about 4.2 billion yuan—a figure consistent with reports from Caixin Global and the South China Morning Post over the past month.
While the China Securities Regulatory Commission’s sign-off is not equivalent to a completed listing, it represents a significant milestone for Unitree, as it puts the company on track to become mainland China’s first big humanoid robotics listing.
Unitree initially filed its prospectus with the Shanghai Stock Exchange in March, seeking around $610 million at the time. The final offering amount has since increased due to currency fluctuations and other factors, according to figures reported by Bloomberg, Nikkei Asia, and Caixin.
Founded in Hangzhou in 2016 by engineer Wang Xingxing, Unitree built its initial reputation on quadruped robots before expanding into humanoid machines that have become a common sight in Chinese state media demonstrations and viral videos.
The company claims to have been profitable since 2020, with Caixin reporting 2025 revenue of roughly 1.7 billion yuan (though profit figures vary between outlets).
Wang Xingxing has gained recognition as a prominent engineer in China’s tech scene, showcasing his robots’ capabilities at galas and events long before the IPO paperwork gained media attention.
The prospectus states that the proceeds will be allocated to research on robot "brains" (software and control systems), along with developing new product lines and expanding manufacturing capacity, as reported by Global Times.
This framing is significant because China’s humanoid robotics sector has become highly competitive, with many companies making hardware announcements but relatively few focusing on the software necessary for practical applications beyond demonstrations.
TNW highlighted this disparity in a May report, noting around 150 companies chasing limited opportunities in the market. Unitree stands out as one of the leaders within this crowded field.
Other Chinese robotics firms are also pursuing public markets this year, including AgiBot, EngineAI, and smaller players like Dobot, Deep Robotics, and Leju Robotics, which are reportedly considering their own routes to capital.
EngineAI’s June filing explicitly referenced Unitree’s valuation as a benchmark, reflecting the closely intertwined fortunes of these companies within investors’ eyes.