Unitree Robotics' Shanghai stock-market debut

Cosa sapevamo all'inizio

• Unitree listed August 19, 2026 on STAR Market as 688836.SH, the first pure-play mainland humanoid listing.
• IPO price was 150.80 yuan, open 1,100 yuan for 629.44% gain, close 845 yuan for 460.34% gain.
• Open valuation was about $66 billion, easing to about $50 billion at close, with 11% pullback next morning.
• Retail demand drew about 9.8 million accounts for about 9.7 million shares, a 0.018% allocation rate.

Allora ancora aperto

• No settled pre-money valuation or fundraising total while filing-based accounts directly conflict.
• No verified durable price while free float is tiny and five-day no-limit trading continues.

Cosa avevamo detto di seguire

• Whether volume and margins can grow into a 219-times earnings multiple flagged in Seoul.
• Whether rivals now rush to list and whether export controls reshape demand.