Bullish

Unitree Robotics IPO Draws Record Demand With 0.0181% Subscription Winning Rate

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Unitree Robotics sets STAR Market record with 0.0181% subscription win rate, targeting 6.1B yuan raise. Early investors see 840x returns as humanoid robot sector gains benchmark.

Woofun AI reports that Unitree Robotics has attracted intense market attention for its upcoming STAR Market listing, setting an IPO price of 150.80 yuan per share and aiming to raise approximately 6.099 billion yuan. The company's post-listing market capitalization is projected at around 60.993 billion yuan. Recognized as the first A-share listed company in the humanoid robot sector, Unitree submitted its IPO application in March 2026 and secured approval in June, completing the review in 73 days under the STAR Market's pre-review mechanism.

On August 12, the company announced an online subscription winning rate of just 0.0181%, the lowest on record for the STAR Market, indicating that only one out of roughly 5,500 investors successfully secured shares. Potential profits for those acquiring 500 shares could range from 200,000 to 300,000 yuan based on first-day price movements. Strategic investors include the National Social Security Fund, DeepSeek, Kunlun Capital, and Tencent-affiliated firms. DeepSeek holds 933,400 shares and plans to collaborate with Unitree on AGI and large AI models. In the first half of 2026, Unitree shipped 5,900 units, capturing about 31% of the global market share, with over 90% of key components produced internally. Early investor Yin Fangming, who invested 2 million yuan in 2016 for a 15% stake, now holds shares valued at approximately 1.685 billion yuan, representing an 840x return.

WOOFUN AI

Impact Assessment · Quick Read

Unitree’s record-low subscription winning rate signals extreme capital appetite for humanoid robotics, establishing a critical valuation benchmark for the sector. The involvement of major tech players like DeepSeek and Tencent suggests a convergence of AI and hardware manufacturing, potentially accelerating commercialization timelines. This listing may catalyze further IPOs in the embodied AI space, shifting investor focus from conceptual R&D to proven revenue models and supply chain control.
Generated by WOOFUN AI · For reference only, not investment advice

Comments

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Unitree's 0.0181% subscription rate signals massive A-share demand, with only about 5,500 investors qualifying for shares despite a 73-day fast-track approval. That winning rate is historically low for STAR Market tech listings, suggesting retail appetite is far ahead of supply. A post-IPO cap of roughly 61 billion CNY reflects strong institutional confidence in their humanoid robot tech. This capital influx could accelerate R&D if lock-up periods don't stifle early liquidity.
Ray Chen43m ago
Unitree's 0.0181% winning rate feels crazy, only one in 5500 got shares!
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