Unitree Robotics stock closed 460% above its IPO price on Wednesday, finishing at 845 yuan after the humanoid robot maker's first session on Shanghai's STAR Market, having briefly surged nearly 630% before pulling back. The closing price values Unitree at roughly $50 billion, according to Reuters, and that first-day gain exceeded the average opening-day pop of 279% for new listings in China so far this year, even as China's benchmark index fell 3% on the day. To fund its listing, the Hangzhou-based company priced shares at 150.8 yuan each, bringing in approximately 6.1 billion yuan, or $905 million, in total proceeds, with Chinese AI company DeepSeek among the IPO's backers and Tencent holding a stake as a prior investor. Unitree competes with Tesla and Hyundai Motor Group-owned Boston Dynamics, and on Monday introduced a humanoid robot dubbed Superman that it says can jump two meters from a standing position and run at speeds of up to 12.66 meters per second. The listing arrived as the World Robot Conference opened in Beijing, and follows that of memory chipmaker CXMT on the same exchange last month, when that company's stock rose 466% on its first trading day. Unitree's revenue rose to 1.70 billion yuan in 2025 from 392.77 million yuan in 2024, and the company posted a net profit of 278.21 million yuan in 2025, while overseas sales accounted for about 44% of its main-business revenue.
Hyundai Motor Co. Ltd.
Tesla Inc
Tencent Holdings Ltd
Yushu Technology