China’s Unitree targets IPO at $9 billion valuation as humanoid robot race heats up, DeepSeek invests $20.8M

Unitree Robotics Prices Shanghai IPO at $9 Billion Valuation, Creating China's First Humanoid Robot Billionaire

Hangzhou-based Unitree Robotics has priced its Shanghai IPO at 150.8 yuan ($22.34) per share, valuing the humanoid robot maker at approximately 61 billion yuan ($9.04 billion). The offering aims to raise $904 million through the sale of 40.4 million shares, with backing from AI company DeepSeek.