Unitree Robotics Surges 629% on Shanghai Debut, Valuation Jumps From $9B Pricing to $66B

Unitree Robotics opened at 1,100 yuan in its Shanghai Star Market debut on Aug 19, up 629% from its 150.80 yuan IPO price and briefly valuing the humanoid maker at about 445 billion yuan (US$66B) before settling around 883.9 yuan. The retail tranche was oversubscribed more than 5,500 times, and Meituan's 8.7% stake returned over 70x. The surge dwarfs the $9B valuation implied at IPO pricing days earlier, making it the largest first-day gain for a new Star Market listing this year even as the broader Star Composite fell 6.1% on the session.