Unitree Tech, The Humanoid Robot Pioneer, Nears STAR Market Debut with DeepSeek's Backing
The capital market is poised to welcome a significant new player. Unitree Technology, focused on humanoid robot development, is in the final stages of its listing process on the STAR Market. The company has set its IPO price at 150.8 yuan per share, corresponding to an issuance market capitalization of approximately 60.9 billion yuan. The online subscription will commence on August 10, with an expected listing by the end of the month, marking it as China's first publicly listed humanoid robot company.
Strategic Investment from AI Giant Signals Confidence
The list of strategic investors for this offering features prominent AI company DeepSeek. According to the placement results, DeepSeek was allotted 933,400 shares, representing an investment of 141 million yuan. This strategic move is seen not only as financial support but also as a symbolic event highlighting the deepening integration between AI and the robotics industry.
Unitree's listing review was completed in just 73 days, setting one of the fastest approval records on the STAR Market this year, reflecting regulatory recognition for hard-tech companies and the sector's potential.
Frenzied IPO Demand and Strong Internal Conviction
Market enthusiasm for Unitree's IPO is exceptionally high. Preliminary estimates suggest the online lottery win rate will be a mere 0.02% to 0.05%, indicating extremely difficult access for retail investors and underscoring the high demand.
The company's internal team has also demonstrated strong conviction. A total of 171 employees, including the founder, collectively invested 270 million yuan in the offering. Founder Wang Xingxing personally contributed 15 million yuan, a tangible vote of confidence in the company's future.
Explosive Financial Performance Driven by Humanoid Robots
Unitree's impressive financials are the core reason for market optimism. The company reported 2025 revenue of 1.699 billion yuan, a staggering year-on-year increase of 332.64%. Its net profit after deducting non-recurring gains and losses reached 591 million yuan, achieving profitability. Notably, revenue from its humanoid robot business accounted for 51.78% of total revenue, solidifying its position as the primary growth engine.
This growth momentum is expected to continue. The company forecasts its revenue for the first half of 2026 to grow between 35.62% and 45.41% year-on-year.
IPO Proceeds to Fuel AI Ambitions and Build Moats
Through this IPO, Unitree aims to raise 4.2 billion yuan. The use of proceeds clearly outlines its strategic focus. A significant portion, 2.022 billion yuan, is earmarked for "Robot Large Model R&D." This substantial investment signals Unitree's commitment to deeply integrating advanced AI large language models with robotic hardware to build long-term technological barriers.
Post-IPO Ownership and a Potential New Billionaire
Following the listing, founder Wang Xingxing is expected to hold approximately 30% of the company. Based on the issuance market cap, his personal wealth could place him among the first billionaires from the post-90s generation on the STAR Market.
The company's shareholder roster is illustrious, featuring dozens of renowned institutions including Sequoia Capital China, Tencent, and Meituan-related investment entities. Meituan-affiliated capital is the second-largest external shareholder. Although early angel investor Yin Fangming no longer holds direct shares, he retains an indirect stake, allowing him to benefit from the company's growth.
From its rapid financial growth and star-studded investor base to its clear AI+robotics strategy, Unitree Tech's listing undoubtedly adds further fuel to the already hot humanoid robot sector, making its post-listing performance a key point of market observation.