Unitree Robotics officially opened subscription for its initial public offering on Shanghai's STAR Market on Aug. 10, 2026. The company set the offer price at RMB 150.80 per share, plans to raise about RMB 6.1 billion, and would carry a post-listing market capitalization of RMB 61 billion.
IPO terms and strategic investors
According to Bloomberg, Unitree is offering 40.4464 million shares on the STAR Market, representing 10% of its total share capital after the offering. The deal values the company at about RMB 61 billion.
The report said RMB 4.2 billion of the proceeds will be used for embodied intelligence model research and development, new humanoid robot product plans, and capacity expansion.
About 20% of the shares in the offering are reserved for strategic investors. Large-model developer DeepSeek invested RMB 140 million for a 2.31% stake, with a three-year lock-up. Tencent, through its investment arm, invested RMB 136 million to acquire a 2.23% stake.
Founder Wang Xingxing will still hold about 31.29% control after the IPO, maintaining leadership over the company's operations.
Pre-IPO contracts imply a much higher valuation
Before the stock begins trading, decentralized derivatives venues and Pre-IPO trading platforms were already signaling how the market was pricing Unitree. The latest figures cited in the report showed UNITREE-USDC related contracts changing hands at 86.706 USDC on xyz and 84.965 USDC on para.
Against the formal IPO price of RMB 150.80 per share, roughly equivalent to $22.3, those contract prices point to a premium of as much as 280%.
The article said this kind of hidden pricing in Pre-IPO derivatives has become a reference point for investors weighing potential first-day performance and valuation capacity after listing.
Taiwan robot-related stocks move higher
Unitree's IPO pricing effect, together with the upcoming 2026 Taiwan Automation Intelligence and Robot Show, or TAIROS, helped drive interest in robot-related shares in Taiwan, according to the report.
The article said Hiwin (2049), a key supplier of automation components, posted strong gains last week and its share price was approaching a historical high. Solomon (2359), Hechun (6215), and Techman (4585), all tied to robot vision or automation control chains, also attracted buying interest and recorded notable gains.
The report cited institutional investors as saying Taiwan's supply chain has a foundation in critical parts including ball screws, reducers, actuators, and computer vision. In that account, faster commercialization of humanoid robots led by Unitree could expand long-term order visibility for Taiwanese suppliers of embodied intelligence hardware components.