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Unitree Technology Debuts on STAR Market, Jumps Over 500% at the Open
Unitree’s Pre-IPO Perpetual Jumps Over 17% on Trade.xyz Ahead of A-Share Debut
Unitree Techn
2026-08-14 10:42:08

Unitree IPO draws pre-listing bets from 12 brokerages and offline subscriptions from 34

Unitree Technology’s upcoming IPO has put brokerage involvement under the spotlight on both sides of the deal. According to a report republished by MarsBit and sourced from IT Juzi, at least 12 brokerages had already gained exposure to Unitree before listing, largely through funds and alternative investment channels rather than direct shareholding. Once the subscription phase opened, another 34 brokerages and their asset-management units joined the offline bookbuilding process. The report highlighted CITIC Securities in particular, saying the firm is positioned to profit from the transaction in four ways at once: as an early pre-IPO investor through Jingshi Growth and Zhongzheng Investment, as the mandatory sponsor follow-on investor, as the sponsor and underwriter collecting about RMB 145 million in fees, and as the manager of the employee strategic placement asset-management plan. It also said Unitree’s founder Wang Xingxing contributed RMB 15 million to that strategic placement arrangement. The article argues that overlapping primary- and secondary-market exposure makes the brokerage system’s overall stake in Unitree larger than what direct holdings alone suggest. With Unitree priced at 219 times earnings, a market value of RMB 60.9 billion, fundraising of more than RMB 6 billion, and expected first-half 2026 revenue of RMB 1.05 billion to RMB 1.13 billion, the report frames the deal as a shared-bet structure in which fees, locked capital, and valuation risk are tied to the same project.

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Unitree IPO draws pre-listing bets from 12 brokerages and offline subscriptions from 34
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