Unitree Robotics shares surge nearly 500% on Shanghai trading debut, hitting ~$53B market cap

中国机器人制造商宇树科技上市首日股价飙升500%

Unitree Robotics, the Chinese humanoid robot maker, surged nearly 500% on its first day of trading in Shanghai, briefly hitting a 629% intraday gain and a market cap of about 360 billion yuan (~$53B). The IPO raised roughly 6.1 billion yuan at 150.80 yuan per share. An Omdia analyst flagged heavy speculative froth, noting Chinese retail investors were willing to buy at almost any price. Unitree’s 2025 revenue was about $250M—up over 4x and profitable—but large-scale humanoid deployment hasn’t arrived; most factory use is still in pilots. The U.S. FCC recently proposed banning imports of foreign-made humanoid and quadrupedal robots on national-security grounds, and Unitree’s prospectus lists U.S. market access as a risk; U.S. buyers accounted for 13% of sales last year.

Why it matters: Unitree's IPO popped nearly 500% on day one, hitting a ~$50B market cap — one of the most watched AI hardware listings this year. All three HKR axes hit: the surge number grabs attention, revenue and profitability data are concrete, and the FCC ban backdrop adds narrative tens...