Unitree Robotics to IPO on STAR Market, Aims for 'First Humanoid Robot Stock'

Unitree Robotics is pushing for an IPO on China's STAR Market, aiming to become the 'first humanoid robot stock.' Major investors like Meituan and Tencent are set to reap substantial returns.

Fri May 29 2026

Unitree Robotics Advances Towards STAR Market IPO Review

Unitree Robotics is nearing the IPO review process for listing on the Shanghai Stock Exchange's STAR Market. The company's application has reached the review stage approximately 70 days after its submission on March 20, bringing it closer to becoming the 'first humanoid robot stock' on the A-share market. Unitree Robotics plans to publicly offer at least 40.4464 million shares in this IPO, aiming to raise approximately 4.22 billion yuan. Based on the number of shares issued, the initial market capitalization is estimated to be at least 42 billion yuan.

Significant Performance Growth and Key Investors

Unitree Robotics reported revenue of 1.708 billion yuan last year, a 335.36% year-on-year increase. Its net profit, excluding non-recurring items, exceeded 600 million yuan, growing by 674.29% and successfully turning a profit. In terms of product structure, humanoid robot revenue surpassed that of quadruped robots for the first time, with shipments exceeding 5,500 units last year, ranking first globally. Cumulative sales of quadruped robots have surpassed 30,000 units.

The company's shareholder structure includes prominent investors such as Meituan (9.65%), Sequoia China (7.11%), Tencent, Alibaba, Ant Group, and China Mobile. Meituan, as the largest external institutional shareholder, is expected to generate over 4 billion yuan in returns if the IPO is successful. Sequoia China, which made an early investment in 2019, anticipates returns exceeding 2.5 billion yuan.

*Source: news.cnyes.com (2026-05-29)*

Tags: #robot #tech #IPO #china #humanoid