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Robot Maker Soars 629% to $66 Billion in Shanghai Debut
Unitree opened up 629% for a $66 billion valuation, then closed at $50 billion — a first mainland humanoid listing that priced rivalry before product.
O que sabíamos inicialmente
- 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.
Então ainda em aberto
- 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.
O que dissemos que iríamos acompanhar
- 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.
