China's securities regulator approved humanoid-robot maker Unitree Robotics for a listing on Shanghai's STAR Market, clearing the company to raise roughly 4.2 billion yuan ($619 million). The approval, confirmed July 3, 2026, is valid for 12 months and lets Unitree begin underwriting, pricing and share subscriptions, with a debut possible as early as late July.
Unitree, founded in Hangzhou in 2016 by engineer Wang Xingxing, plans to sell at least 40.4 million shares — a stake of roughly 10% — implying a total valuation near 42 billion yuan ($6.2 billion). The company has been profitable since 2020 and posted about 1.7 billion yuan in revenue in 2025.
The listing would make Unitree mainland China's first major humanoid-robotics IPO, ahead of rivals AgiBot and EngineAI, which are also pursuing public listings. Unitree markets itself as a top global shipper of humanoid units, a ranking AgiBot disputes.