{"slug": "unitrees-shanghai-ipo-5526-times-subscribed-by-retail-buyers", "title": "Unitree’s Shanghai IPO 5,526 times subscribed by retail buyers", "summary": "Unitree Robotics' Shanghai IPO was 5,526 times subscribed by retail buyers, with individual investors submitting 9.8 million orders, according to an exchange filing on Monday. The Hangzhou-based company sold 40.4 million shares at 150.8 yuan apiece, raising about 6.1 billion yuan (US$904 million), and is expected to debut on Shanghai's Star Market this month with a market valuation of US$9 billion. Strategic investors including AI startup DeepSeek received a 2.31% stake allocation, underscoring China's focus on humanoid robots as a strategic priority.", "body_md": "# Unitree’s Shanghai IPO 5,526 times subscribed by retail buyers\n\nHumanoid robots have become Beijing’s strategic priority\n\nTHE highly anticipated initial public offering of Unitree Robotics drew huge demand from retail investors as China’s leading humanoid robot maker opened books for an offering that’s set to give it a market valuation of US$9 billion.\n\nThe retail portion of the IPO was 5,526 times subscribed, with individual investors submitting 9.8 million orders, according to an exchange filing released on Monday (Aug 10).\n\nThe Hangzhou-based company sold 40.4 million shares at 150.8 yuan apiece, raising about 6.1 billion yuan (US$904 million) to become mainland China’s first publicly traded humanoid robot maker.\n\nUnitree, officially known as Yushu Technology, is expected to debut on Shanghai’s Star Market this month.\n\nChina is increasingly turning to the capital market to fund its tech race against the US in AI. Humanoid robots have become Beijing’s strategic priority, and Unitree is a key player with its dancing robots at the annual Spring Festival Gala drawing global attention.\n\nThe high level of interest underscores the investor appetite for physical AI companies, one of Beijing’s strategic priorities.\n\nThe strong subscription was also likely aided by backing from strategic investors including AI startup DeepSeek, reinforcing confidence in Unitree and the growing convergence of artificial intelligence and robotics.\n\nAbout 20 per cent of the shares for sale have been allocated to strategic investors including DeepSeek, a Tencent Holdings-affiliated investment vehicle, and investment arms of major state-owned enterprises such as China National Petroleum Corp, China Southern Power Grid Co. and China Telecom Corp.\n\nDeepSeek received a 2.31 per cent stake allocation with a lockup period of three years. The collaboration allows Unitree to draw on DeepSeek’s AI strength to develop embodied-intelligence models for its humanoid robots, which gained broad public attention after appearing in a Chinese Spring Festival gala.\n\nA successful listing could also build momentum for other Chinese robotics companies pursuing IPOs, including Leju Robotics and Deep Robotics.\n\nAnother humanoid robot developer, Shanghai AgiBot Innovation Technology, has started the process for a Hong Kong listing, *Securities Daily* reported in July. BLOOMBERG\n\nDecoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.\n\nShare with us your feedback on BT's products and services\n\n[TRENDING NOW](/pulse?ref=trending-now)\n\nFirm loses wrongful dismissal case despite following termination clause\n\nStocks to watch: UOB Kay Hian, ST Engineering, NetLink NBN, Ho Bee Land, F&N, Concord New Energy\n\nYeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart\n\nSingapore raises 2026 growth forecast to 4.5-5.5%; Q2 growth revised up to 5.9%", "url": "https://wpnews.pro/news/unitrees-shanghai-ipo-5526-times-subscribed-by-retail-buyers", "canonical_source": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/unitrees-shanghai-ipo-5526-times-subscribed-retail-buyers", "published_at": "2026-08-11 01:51:57+00:00", "updated_at": "2026-08-11 02:05:08.041561+00:00", "lang": "en", "topics": ["artificial-intelligence", "robotics", "ai-startups", "ai-infrastructure"], "entities": ["Unitree Robotics", "Yushu Technology", "DeepSeek", "Tencent Holdings", "China National Petroleum Corp", "China Southern Power Grid Co.", "China Telecom Corp", "Shanghai Star Market"], "alternates": {"html": "https://wpnews.pro/news/unitrees-shanghai-ipo-5526-times-subscribed-by-retail-buyers", "markdown": "https://wpnews.pro/news/unitrees-shanghai-ipo-5526-times-subscribed-by-retail-buyers.md", "text": "https://wpnews.pro/news/unitrees-shanghai-ipo-5526-times-subscribed-by-retail-buyers.txt", "jsonld": "https://wpnews.pro/news/unitrees-shanghai-ipo-5526-times-subscribed-by-retail-buyers.jsonld"}}