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stocksAug 10, 2026, 6:30 PM

Chinese Robotics Firm Unitree Set for $900M Shanghai IPO with Record Retail Demand

Unitree, a Chinese robotics company backed by DeepSeek and Tencent, plans a $900 million IPO on Shanghai's STAR Market at a $9 billion valuation. Retail demand was 8,000 times oversubscribed.

Unitree, a Chinese robotics startup backed by DeepSeek, Tencent, and state-owned investors, is preparing to list on the Shanghai STAR Market. The initial public offering targets around $900 million in proceeds, valuing the company at approximately $9 billion.

Retail investor appetite for the deal has been overwhelming. Demand reportedly exceeded 8,000 times the shares available, resulting in a winning rate of just 0.018%. Such extreme oversubscription highlights strong market interest in AI and robotics sectors.

Source: First Squawk