Unitree Tech Sets IPO Price at 150.8 Yuan, Raising Over 6 Billion Yuan
SingTao · 3 SOURCESabout 21 hours ago1 MIN
Summary
Chinese humanoid robot company Unitree Technology (688836.SH) has finalized its IPO price at 150.8 yuan per share for its Shanghai STAR Market listing, with subscriptions opening on August 10 . The company will issue approximately 40.446 million new shares, raising about 6.1 billion yuan, exceeding the original target of 4.2 billion yuan . The listing values Unitree at roughly 61 billion yuan, with strategic investors including Tencent and DeepSeek participating in the placement .
Key Points
- IPO priced at 150.8 yuan per share after consultation between issuer and sponsor, with no further cumulative bidding for offline placement .
- Total issuance of ~40.446 million shares represents 10% of post-IPO total share capital, valuing company at ~60.99 billion yuan .
- Strategic placement accounts for 20% of issuance at ~8.089 million shares, featuring state and private investors .
- Tencent's Shanghai Qishan Investment received 903,000 shares (2.23%); DeepSeek got 933,400 shares (2.31%) .
- Founder Wang Xingxing appeared on Time magazine cover last month with manned mech product GD01 .
Why It Matters
Unitree's IPO represents a major milestone for China's embodied AI sector, with investment banks like CCB International projecting secondary market valuations up to 109 billion yuan . The participation of Tencent and DeepSeek as strategic investors signals strong ecosystem support for domestic robotics innovation .
Unitree's IPO represents a major milestone for China's embodied AI sector, with investment banks like CCB International projecting secondary market valuations up to 109 billion yuan . The participation of Tencent and DeepSeek as strategic investors signals strong ecosystem support for domestic robotics innovation .