Investors in Shanghai sent a clear message on Wednesday that they are betting big on the future of robotics, sending shares of Unitree Robotics skyrocketing by 542 percent during its market debut. The Hangzhou based company, famous for creating agile machines capable of dancing and performing backflips, saw its stock price climb to 968.1 yuan per share after an initial peak of 1,100 yuan. This explosive start follows an initial public offering that raised approximately 6.1 billion yuan, or roughly 905 million dollars, marking one of the most high profile entries onto the STAR Market in recent months.
The surge comes as Unitree continues to push the boundaries of mechanical movement and utility. Just days before going public, the firm revealed a new humanoid model dubbed Superman, which boasts the ability to leap two meters from a standstill and sprint at speeds reaching over twelve meters per second. Beyond these acrobatic feats, Unitree produces a diverse range of products including four legged robots designed for hazardous environment detection and bipedal humanoids equipped with dexterous hands for complex object manipulation.
This financial windfall was supported by heavy hitters in the Chinese tech ecosystem. Company filings reveal significant backing from AI firm DeepSeek, which invested about 140.8 million yuan, while longtime investor Tencent also remains tied to the venture. The enthusiasm surrounding Unitree mirrors a wider trend in Shanghai’s tech sector; just last month, memory chipmaker CXMT experienced a similar frenzy with shares jumping 466 percent on its own first day of trading.
Industry analysts suggest this momentum is backed by fundamental growth projections rather than mere hype. Morgan Stanley recently doubled its shipment forecast for humanoid robots in China to 50,000 units this year alone, predicting that the domestic market could swell from 2 billion dollars today to 15 billion dollars by 2030. With pilot projects expected to transition into broader commercial deployment later this year, experts believe full size humanoid robots will soon dominate shipments as they move from experimental curiosities into practical tools for industry and service.