# Unitree set for Shanghai listing after $905 million IPO raise

_Tuesday, August 18, 2026 at 2:44 AM EDT · Robotics, Products · Developing · Tier 1 — Major_

Unitree is set to list in Shanghai on Wednesday after an initial public offering that CNN reports raised 6.1 billion yuan ($905 million) and was more than 8,000 times oversubscribed.

The market debut would make the Hangzhou-based company the first mainland China-listed humanoid robot maker. Its prospectus says proceeds will fund embodied-AI and robot-hardware research and factory expansion. Unitree reported nearly 1.7 billion yuan in 2025 revenue and 278 million yuan in net profit, but industrial deployments were under 10% of sales in the first three quarters of 2025.

## Sources

- [CNN](https://www.cnn.com/2026/08/18/tech/china-unitree-ipo-intl-hnk)

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