Unitree, which also operates under the name Yushu Technology, on Thursday priced its initial public offering in Shanghai at 150.8 yuan per share, producing a company valuation of about 61 billion yuan, or $9.04 billion. The proposed listing will make Unitree the first mainland-listed manufacturer of humanoid robots in China.
In a filing with the Shanghai Stock Exchange, the Hangzhou-based business said it intends to raise around 6.1 billion yuan from the offering. That implied valuation is higher than an earlier stated target that had topped out at 50 billion yuan.
The company is offering 40.45 million new shares, equal to 10% of its enlarged share capital, via Shanghai's STAR Market. Unitree's current product lineup includes humanoid and four-legged robots noted for running, dancing and acrobatic demonstrations.
The filing noted that those existing models have secured approvals for sale in the United States, while cautioning that future models could face sale restrictions in the U.S. The disclosure highlights a regulatory and market uncertainty for the company if product lines evolve in ways that intersect with recent U.S. policy actions.
Among the strategic investors participating in the IPO is the Chinese AI firm DeepSeek, according to the same filing. Subscription for the offering is scheduled to commence on August 10.
Unitree's prospectus states the company will allocate proceeds to the development of both robot software and hardware, the launch of new products, and the establishment of a manufacturing base. Those investments are positioned to expand the company's product roadmap and production capacity.
The IPO is occurring against a backdrop of heightened trade and technology tensions between Washington and Beijing. The United States has tightened Chinese access to certain U.S. technologies and markets, including new restrictions related to foreign-made humanoid and four-legged robots. Beijing has responded with export curbs and sanctions targeted at selected U.S. entities. These measures form part of the broader geopolitical environment framing the offering.