Unitree Robotics surges 629% in Shanghai debut to $66 billion valuation

Aug 18, 2026

Chinese robotics firm Unitree Robotics made a blockbuster debut on Shanghai's STAR Market on August 19, 2026, with shares surging 629% to open at 1,100 yuan. The rally briefly pushed the company's valuation to $66 billion and vaulted 36-year-old CEO Wang Xingxing's net worth to $16 billion. The debut far outpaced the $40.5 billion valuation predicted by crypto perpetual futures on Hyperliquid. Backed by DeepSeek and Tencent, Unitree is uniquely profitable compared to rivals, posting 1.7 billion yuan in 2025 revenue, though it faces a recent U.S. ban on foreign-made robots.

Shanghai IPO debut surge

▪Unitree Robotics opened trading on the Shanghai Stock Exchange's STAR Market on August 19, 2026 at 1,100 yuan per share, representing a 629.44% increase from its initial public offering price of 150.8 yuan.
▪The opening share price of 1,100 yuan briefly valued Unitree Robotics at approximately 445 billion yuan, or $66 billion, before the stock pared gains to trade around 883.9 yuan by midday.
▪Unitree Robotics raised approximately 6.1 billion yuan, or $905 million, by selling 40.45 million shares, representing a 10% stake in the company.

Crypto perpetual futures pricing

▪The actual Shanghai opening price for Unitree Robotics was approximately 75% higher than the $38 billion to $40.5 billion valuation anticipated by crypto traders on Hyperliquid prior to the debut.
▪Pre-IPO perpetual futures contracts for Unitree Robotics on the Hyperliquid blockchain traded around $100 on August 18, 2026, implying a valuation of $40.5 billion and signaling a 347% debut pop.

Unitree revenue growth

▪Overseas sales accounted for more than 40% of Unitree Robotics' total revenue in 2025, with sales to the United States representing between 10% and 18% of its total sales.
▪Unitree Robotics reported revenues of 1.7 billion yuan (approximately $252 million) for the year 2025, representing a year-on-year increase of over 300% from the previous year.

Unitree profitability metrics

▪According to its prospectus, Unitree Robotics recorded a net profit of 278.2 million yuan in 2025, which represented an increase of almost 200% year-on-year.
▪Unitree Robotics generated a net profit of 591 million yuan (or 600 million yuan, equivalent to $89 million) in 2025, distinguishing it as a profitable firm among loss-making humanoid competitors.

China humanoid robotics sector

▪Unitree Robotics shipped more than 5,500 humanoid robots in 2025, capturing 32.4% of the global market, alongside over 33,000 four-legged robots, representing nearly 60% of the worldwide market.
▪Days before its listing, Unitree Robotics unveiled its 'Superman' humanoid robot, which the company claims can jump to a height of two meters and reach a top running speed of 12.66 meters per second.
▪The Trump administration in July 2026 announced a ban on imports of new Chinese humanoids and quadruped robot dogs, which Unitree Robotics stated does not apply to products it already sells in the United States.

Retail investor demand

▪Retail bids for the Unitree Robotics initial public offering reached 7 trillion yuan, leaving the retail portion of the offering oversubscribed by more than 8,000 times.
▪Offline subscriptions for Unitree Robotics shares prior to its market debut were 2,760 times the number of shares available to institutional investors.