# Unitree shares soar 460% on Shanghai debut, valuing it at $66bn

> Unitree's Shanghai IPO closed up 460%, valuing it at 342 billion yuan.

*China's humanoid robot maker became the first of its kind to list on the mainland market, even as broader tech stocks fell.*

By Behzad Hosseini · FeaturedDaily
Canonical: https://featureddaily.com/news/unitree-shares-soar-460-on-shanghai-debut-valuing-it-at-66bn

**What happened:** Unitree Robotics, maker of backflipping humanoid robots, listed on Shanghai's STAR Market on 19 August 2026. It's the first general-purpose humanoid robot maker to list on mainland China's stock exchange.

**The numbers:** Shares opened at 1,100 yuan, 629% above the 150.80 yuan IPO price, briefly valuing the company at about 445 billion yuan ($66 billion). They closed up 460% at 845 yuan, for a market value of roughly 342 billion yuan. About 23.2 billion yuan of shares changed hands.

**The details:** The IPO raised about 6.1 billion yuan by selling 40.45 million shares, 10% of the company, far above its 4.2 billion yuan target. Roughly 9.8 million retail accounts competed for just 9.7 million shares on offer, according to the [South China Morning Post](https://www.scmp.com/tech/tech-trends/article/3364499/unitree-robotics-surges-629-us66-billion-valuation-shanghai-share-debut).

**Who's affected:** Founder Wang Xingxing, 36, holds about 121.4 million shares worth roughly 103 billion yuan at the closing price. Meituan's 8.7% stake jumped to nearly 30 billion yuan, about 70 times its original investment. Tencent is also an investor, and DeepSeek put in about 140.8 million yuan.

**The context:** The debut bucked a falling market. The STAR Composite index dropped 7.2% and the Shanghai Composite fell 2.4% the same day, [CNBC reported](https://www.cnbc.com/2026/08/19/china-backflipping-robot-maker-unitree-jumps-shanghai-ipo.html).

**Why it matters:** Unitree shipped 5,900 humanoid robots in the first half of 2026, 31% of the global market and second only to Agibot. Chinese firms made over 97% of all global humanoid shipments in that period, underlining China's lead in the sector.

**What's next:** Caixin described the jump as the biggest first-day gain for any new listing this year, setting a high bar for investor appetite in China's humanoid robotics push.

## Key takeaways

- Unitree opened 629% above its IPO price, peaking near $66bn valuation
- IPO raised 6.1bn yuan; 9.8m retail accounts chased 9.7m shares
- Unitree shipped 5,900 humanoids in H1 2026, 31% of global market

## Sources

- [Unitree Robotics surges 629% to US$66 billion valuation in Shanghai share debut](https://www.scmp.com/tech/tech-trends/article/3364499/unitree-robotics-surges-629-us66-billion-valuation-shanghai-share-debut) — South China Morning Post, 2026-08-19
- [China's backflipping robot maker Unitree closes 460% higher in Shanghai debut](https://www.cnbc.com/2026/08/19/china-backflipping-robot-maker-unitree-jumps-shanghai-ipo.html) — CNBC, 2026-08-19