Before going public: Unitree's shares have been oversubscribed 8,300 times

The Chinese robotics company Unitree Robotics has seen its stock oversubscribed over 8,300 times ahead of its upcoming initial public offering (IPO) on the Shanghai Stock Exchange's Star Market. This high level of investor interest reflects the growing popularity of the company’s humanoid and four-legged robots, which have gained attention through social media campaigns showcasing their advanced capabilities. The IPO, scheduled for later this year, marks a major milestone for the Hangzhou-based firm, which aims to raise up to 780 million euros in gross proceeds. Unitree plans to offer approximately 40.45 million shares at a price of 150.8 yuan (around 19.4 euros) each, representing about 10% of its post-issue share capital. According to filings with the Shanghai Stock Exchange, the company expects to generate a total revenue of around 6.1 billion yuan (approximately 780 million euros) from the offering. The IPO was initially filed on March 20 and received approval from the listing committee on June 1, 2026. While the exact date of the offering has not been disclosed, it is anticipated to take place in late August. The company specializes in producing both four-legged and two-legged humanoid robots equipped with artificial intelligence. Despite its technological advancements, Unitree has not yet achieved widespread commercial success. Between 2023 and 2025, the company sold 33,294 four-legged robots and 5,632 humanoid robots. These figures do not include defective units featuring dual arms. In 2025 alone, Unitree recorded a revenue of approximately 1.7 billion yuan (about 220 million euros), with net profits standing at 278.21 million yuan (around 35.75 million euros). About 43.65% of its sales came from international markets. A significant portion of the funds raised from the IPO will be allocated toward research and development initiatives. Specifically, Unitree intends to invest roughly 4.2 billion yuan into four key areas: developing intelligent robot models, enhancing hardware technology, launching new robotic products, and constructing a manufacturing facility dedicated to smart robots. This strategic investment underscores the company’s ambition to expand its presence in the global robotics industry. The timing of Unitree’s IPO coincides with increasing regulatory scrutiny in the United States. In July 2026, the U.S. Federal Communications Commission (FCC) added humanoid and four-legged robots from abroad to its “Covered List,” restricting imports due to national security concerns. In response, China has threatened retaliatory measures against such restrictions. This geopolitical backdrop adds complexity to Unitree’s market entry strategy, particularly given the potential impact of U.S. trade policies on its international operations. As the IPO approaches, investors remain highly interested, with the probability of an individual retail investor securing shares estimated at just 0.018%. This low chance highlights the intense demand for the company’s equity, driven by its innovative product lineup and growing brand recognition. With the IPO likely to occur in late August, Unitree is poised to become one of the more prominent players in the rapidly evolving field of service robotics.