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Unitree Robotics IPO Oversubscribed by Retail Investors More Than 8000-Fold; Shares Fall About 45% From Post-Listing High After Closing Up 460% on Debut

2026.09 ·Reported ·Importance IV ·Sources 2 ·China

In 2026, Unitree Robotics listed domestically, with its IPO oversubscribed by retail investors more than 8000-fold. It closed up 460% on its first day of trading, after which the stock retraced about 45% from its post-listing high. This extreme volatility was seen as one of the factors prompting the securities regulator to tighten IPO thresholds for humanoid robot companies.

Hangzhou's "Six Little Dragons" Exposed: Largest Company's Annual Output Worth Only Over 200 Million Yuan, Most in the Red

2026.09 ·Hearsay ·Importance II ·Sources 1 ·Hangzhou

According to a friend of Hu Liren's at a Hangzhou tech company, most of the "Six Little Dragons" enterprises promoted by the Hangzhou government are companies of only two or three hundred people, or even a few dozen people. The largest has an annual output value of only over 200 million yuan, and most companies, including Unitree Robotics, are still losing money.

Fu Peng: UBTECH R&D investment lower than Muyuan Swine Farming

08.27 ·Reported ·Importance II ·Sources 1 ·China

On August 21, economist Fu Peng stated in an interview with Phoenix Finance that the R&D expenditure of humanoid robot company UBTECH in 2025 is only 145 million yuan, far lower than that of pig farming company Muyuan Foods, which is 1.648 billion yuan. This reflects that related industries are still in a very early stage.

Unitree Robotics Shares Plunge

08.20 ·Reported ·Importance IV ·Sources 1 ·China

On the day after its listing, Unitree Robotics' shares fell 18.70%, wiping out 280 billion yuan in market capitalization and drawing market attention.

Unitree Robotics Lists on the STAR Market

08.19 ·Reported ·Importance IV ·Sources 2 ·China

Humanoid robot company Unitree Robotics went public on the STAR Market, surging 629% at the open, with its market capitalization at one point skyrocketing to 444.9 billion yuan, while founder Wang Xingxing became the “new richest person born in the 1990s.”

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