Unitree’s Post-IPO Reversal Tests Valuations in China’s Robotics Boom

Hong Kong, 25 August 2026 – Unitree’s shares have fallen roughly 45 per cent from the highs reached after their extraordinary Shanghai debut, turning one of China’s most celebrated technology listings into a test of valuation discipline. The retreat follows a first-day surge of more than fivefold and has intensified questions about speculative demand, retail exposure and the earnings assumptions embedded in robotics stocks.

The Hangzhou-based humanoid-robot maker raised about 6.1 billion yuan, or roughly US$904 million, by selling 40.45 million shares at 150.80 yuan each on Shanghai’s technology-focused STAR Market. The offering represented about 10 per cent of the enlarged share capital. At the opening, the stock reached 1,100 yuan, 629 per cent above the offer price, before closing its debut at 845 yuan, a gain of about 460 per cent.