Unitree Robotics debuts on Shanghai Stock Exchange after US$904 million IPO

Published Aug 19, 12:18 AM UTC

Chinese startup Unitree Robotics, officially known as Yushu Technology, is set to debut on the Shanghai Stock Exchange after a US$904 million initial public offering. The Hangzhou-based company sold 40.4 million shares at 150.8 yuan apiece. The listing comes as firms shift attention beyond foundation models to real-world applications, riding the embodied AI wave. The IPO underscores growing investor interest in robotics and artificial intelligence companies that focus on physical-world interactions, marking a significant milestone for the Chinese robotics sector.