Unitree Robotics has priced its Shanghai Star Market initial public offering at approximately 104 yuan per share, according to media reports, as the company kicked off the book-building process on Wednesday.
The price-discovery session, which runs from 9:30 a.m. to 3:00 p.m. Beijing time, will help finalize the offering of 40.45 million new shares—equivalent to 10% of the post-IPO enlarged share capital. The deal is set to raise 4.2 billion yuan and would give the robot maker a market valuation of more than 40 billion yuan at the indicative price.
Following the pricing phase, Unitree will open its online and offline subscription windows on August 10, with final payment due by August 12.
In its prospectus, the company reported 2025 revenue of 1.7 billion yuan and net profit of 278 million yuan, making it one of the few high-performance general-purpose robotics firms worldwide that have turned a profit. For the first half of 2026, Unitree expects revenue in the range of 1.05 billion to 1.13 billion yuan, representing year-on-year growth of 35.6% to 45.4%.