Unitree Robotics Secures Approval for Shanghai Stock Exchange STAR Market Listing

Unitree Robotics has officially been approved for listing on the Shanghai Stock Exchange's STAR Market, according to filings on the exchange's website. The approval follows a 73-day review process after the company's IPO application was formally accepted on March 20, 2026.

The company aims to raise approximately 4.2 billion yuan (about $580 million) through the issuance of at least 40.44 million new shares, which will represent no less than 10% of its total share capital post-offering. The funds are earmarked for key strategic initiatives.

Proceeds from the IPO will primarily be invested in four core areas: research and development of intelligent robot models, robot body development, new intelligent robot product creation, and the construction of an intelligent robot manufacturing base. Notably, the development of intelligent robot models is set to receive 2.02 billion yuan, nearly half of the total funds raised.

Unitree Robotics has demonstrated profitability, distinguishing itself among high-performance general robot companies. Its revenue surged from 159 million yuan in 2023 to 1.7 billion yuan in 2025, with net profits reaching 278 million yuan in 2025. The first quarter of 2026 saw revenue of approximately 423 million yuan, a 68.5% year-on-year increase.

Prior strategic financial investors in Unitree Robotics include prominent tech firms such as Meituan, Tencent, Alibaba, and Ant Group. The company's progression towards public listing marks a significant step in its growth trajectory within the competitive robotics industry.