# Unitree

> Hangzhou maker of quadruped and humanoid robots; first humanoid listing on mainland China’s STAR Market.

## Why it is interesting

August 19, 2026 IPO (688836.SH) raised 6.1 billion yuan (~US$904M). Day-one close 845 yuan (+460%, BBC). By August 25 the stock had given back about 45% of that debut pop (Straits Times / Reuters). Prospectus (via press) shows 2025 profit — rare in humanoids — while new U.S. models are FCC-blocked.

## Profile

- **Stage:** public
- **Status:** public
- **Industries:** robotics, ai-ml
- **Coverage:** full
- **Last updated:** 2026-08-26

## Key facts

- IPO Aug 19, 2026: STAR Market 688836.SH; 6.1B yuan (~US$904M) at 150.8 yuan (BT/Caixin)
- Open 1,100 yuan (+629%); Aug 19 close 845 yuan (+460%+, BBC)
- By Aug 25: ~45% giveback from the debut pop (Straits Times / Reuters); Yicai Aug 24 close 603.08 yuan
- Prospectus via BT: 2025 revenue 1.7B yuan, net profit 278M yuan, >5,500 humanoids shipped
- First mainland A-share humanoid listing — not first Chinese humanoid listing (UBTech is HK)
- U.S. FCC ban on future foreign humanoid/quadruped models (July 2026)

## Related articles

- https://venturecapitaltracker.com/2026-unitree-shanghai-ipo-humanoid-robots
- https://venturecapitaltracker.com/2026-august-vc-news
- https://venturecapitaltracker.com/2026-august-25-26-investment-news-grid-freight-media

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** August 26, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/unitree