China's Unitree Robotics Opens $904 Million IPO Subscriptions as First Humanoid Robot Maker Goes Public
Unitree Robotics has started taking subscriptions for its big stock market debut on August 10.
The company aims to raise 6.1 billion yuan or about 904 million dollars by selling shares on Shanghai's STAR Market.
Unitree's Rise in the Global Robot Race
Founded in 2016 in Hangzhou, Unitree Robotics began with four-legged robots and later moved into human-like machines.
Its G1 model already shows off moves like martial arts in videos shared online.
This listing marks the first time a mainland Chinese humanoid robot firm trades publicly.
Investors see strong demand because the company sold nearly all robots it made last year.
How the IPO Could Change Everyday Life
The money raised will go toward new products, better software, and bigger factories.
Success here could speed up affordable robots for homes, schools, and small businesses worldwide.
China's push in this area highlights its focus on self-reliant tech amid trade limits from other countries.
For ordinary people, cheaper robots might soon handle chores or help in hospitals and farms.
Early backers watch closely as the valuation hits around 61 billion yuan or nine billion dollars.
Overall this step shows robotics moving from labs into real markets faster than expected.
