Unitree Robotics is no longer only a private humanoid and quadruped maker with a public store. On March 20, 2026, the Shanghai Stock Exchange accepted Unitree’s STAR Market IPO application. China Daily, carried on the SSE’s English site, later reported that subscriptions opened at 150.80 yuan a share for about 40.45 million new shares, with gross proceeds expected around 6.10 billion yuan. Unitree listed on the STAR Market on August 19, 2026, under the code 688836, as we noted when covering its first post-listing quarterly results.
This page is the evergreen IPO sheet: what the SSE and prospectus trail said before trading, what the raise was for, and what a humanoid listing does and does not prove. It is not a live quote page. Share prices move; we do not invent a current tape here. For the first earnings after the listing, use the Q3 article.
- Accepted: SSE accepted Unitree’s STAR Market IPO application on March 20, 2026 (SSE English digest; draft prospectus planned raise about RMB 4.202 billion at filing).
- Approved / subscribed: Listing committee approval reported June 1, 2026 (73 days from acceptance, China Daily via SSE). Subscriptions later opened at 150.80 yuan for about 40.45 million shares; expected gross proceeds about 6.10 billion yuan (China Daily via SSE, August 2026).
- Listed: August 19, 2026, STAR Market code 688836 (as reported with Unitree’s Q3 2026 results).
- The catch: prospectus and wire figures are historical; they are not a current share price. Humanoid shipment and revenue mix numbers are company disclosures from the IPO trail, not independent audits.
The Unitree STAR Market IPO path, in order
China’s STAR Market (Science and Technology Innovation Board) is the Shanghai venue built for hard-tech issuers. Unitree’s path, as summarized on SSE English pages and in Unitree’s later filings coverage, ran through a compressed review:
| Date (2026) | Step | What the primary / SSE trail said |
|---|---|---|
| March 20 | Application accepted | SSE English digest: Unitree’s STAR Market IPO application accepted; draft prospectus planned to raise RMB 4.202 billion. |
| June 1 | Listing committee | China Daily via SSE: cleared listing review in 73 days from acceptance (record pace in that write-up). |
| August (subscriptions) | Offer priced | China Daily via SSE: about 40.45 million shares at 150.80 yuan; expected gross proceeds about 6.10 billion yuan; offline demand reported many times oversubscribed. |
| August 19 | Listed | Unitree trading on STAR Market as 688836 (stated with the company’s first post-IPO quarterly report). |
Two raise figures appear in the trail, and they are not a contradiction if you keep the dates straight. The March draft prospectus language on the SSE digest pointed to a planned raise of about RMB 4.202 billion. By the August subscription report, the priced deal was described as about 6.10 billion yuan of expected gross proceeds at 150.80 yuan a share. Use the March number for “what the filing planned” and the August number for “what the subscription announcement described.” Neither is today’s market capitalization.
What the prospectus trail said Unitree sold
The August China Daily piece on the SSE English site, summarizing prospectus disclosures, said Unitree sold 33,294 quadruped robots and 5,632 humanoid robots from 2023 to 2025, with humanoid shipments exceeding 5,500 units in 2025 (excluding wheeled dual-arm robots). It also cited 2025 revenue of 1.70 billion yuan, up from 392.77 million yuan in 2024 and 159.13 million yuan in 2023, and 2025 net profit of 278.21 million yuan (with a higher figure after excluding non-recurring items).
Those are prospectus and wire figures, labeled as such. They matter because Unitree is one of the few Chinese humanoid makers that has put multi-year unit and profit numbers into a public listing trail. They do not tell you how many robots are doing paid work today, or how much of 2025 revenue was tied to state-backed projects versus commercial buyers. For a broader production map, see our humanoid robot production tracker.
What listing changes for buyers and rivals
A STAR Market listing does three practical things. First, it forces a recurring disclosure rhythm. Unitree’s Q3 2026 report was the first test of that rhythm: revenue up nearly 70% year on year, profit down as research spending jumped. Second, it puts a public equity story next to the product catalog. Unitree still sells humanoids with list prices on its store, which is unusual among humanoid makers and separate from the equity ticker. Third, it makes Unitree a reference point for other Chinese robot IPO hopefuls, at the same time Reuters and others have reported regulators slowing some humanoid listings while they scrutinize revenue quality.
Compare that with the U.S. path. Agility Robotics went public via a SPAC as AGLT, a structure we walked through in the Churchill Capital XI / redemptions piece. Different venue, different rules, same reader question: how much of the raise turns into robots that ship and work. Unitree’s IPO answer, on paper, was a multi-billion-yuan primary raise into a company that already disclosed humanoid and quadruped volume. Agility’s answer was trust cash after redemptions plus commercial Digit claims that still need to clear contractual milestones.
What this page will not do
We will not paste a live share price into this evergreen. The Q3 article quoted a October 28, 2026 close from National Business Daily for context on that earnings day; that print is historical. If you need the tape, use an exchange or broker feed and treat any media figure as dated.
We also will not treat prospectus shipment counts as proven factory utilization. “Shipped” is not “deployed in paid work.” Unitree’s own catalog spans education and research humanoids through industrial quadrupeds; the IPO trail aggregates them. For price shoppers, the useful companion pages remain the humanoid prices hub and the G1/R1/H2 sheet, not the ticker.
Founder Wang Xingxing’s public comments on models and partners, including the CIIE / GPT-6 remarks we covered earlier, are product and research narrative. They sit beside the IPO story; they are not substitute financial disclosure.
What to watch next
Watch the next full-year report for whether Unitree breaks out humanoid unit sales and revenue quality the way investors asked after Q3. Watch whether other Chinese humanoid issuers clear STAR Market review on similar timelines, or whether the slower window Reuters described holds. And watch the product side in parallel: store prices and new model launches can move demand even when the equity story is about R&D spend.
Frequently asked questions
When did Unitree list on the STAR Market?
Unitree listed on the Shanghai Stock Exchange STAR Market on August 19, 2026, under the code 688836, as reported with its first post-listing quarterly results.
How much did Unitree raise in its IPO?
The March 2026 SSE digest said the draft prospectus planned to raise about RMB 4.202 billion. China Daily’s August subscription report on the SSE English site described an offer of about 40.45 million shares at 150.80 yuan with expected gross proceeds of about 6.10 billion yuan. Use the figure that matches the stage you are describing.
Is Unitree the first humanoid robot stock in China?
SSE and China Daily coverage framed Unitree as racing to become, and then becoming, a flagship humanoid-robot listing on the A-share STAR Market. Treat “first” language as the framing in those reports, and check later peers if you need a definitive league table.
Where can I see Unitree’s robot prices?
Unitree publishes humanoid list prices on its own store. Our Unitree G1 / R1 / H2 price article tracks those catalog figures separately from the IPO ticker.
Does this article quote Unitree’s live share price?
No. This is an IPO process and disclosure explainer. Live prices belong on exchange or broker feeds. Historical closes mentioned in our Q3 earnings article are dated to that report.
Sources
- Shanghai Stock Exchange (English): Unitree STAR Market IPO application accepted; planned raise RMB 4.202 billion, March 2026 digest
- SSE disclosure PDF linked from the Unitree IPO trail (March 2026 filing package; Chinese)
- Shanghai Stock Exchange (English) / China Daily: Unitree clears STAR Market listing review in 73 days, June 2026
- Shanghai Stock Exchange (English) / China Daily: Unitree IPO subscriptions, price and prospectus shipment/revenue figures, August 2026
- RoboticaGuide: Unitree Q3 2026 earnings (listing date 688836, post-IPO balance sheet)
- Unitree: company site
All sources accessed November 5, 2026. Chinese-language materials summarized via SSE English pages unless noted.
Last updated: November 5, 2026. To report an error, see our corrections page. Articles are drafted with AI assistance and reviewed and edited by an editor; see our editorial policy.
