Unitree Robotics IPO Approved by Shanghai Stock Exchange Listing Review Committee — First Embodied Intelligence Stock on China's A-Share Market

Shanghai Stock Exchange's Listing Review Committee approved Unitree Robotics' IPO on June 1, making it the first major Chinese humanoid robot company cleared for public listing on China's A-share STAR Market. Unitree — which shipped the highest volume of humanoid robots globally in 2025 with ~39% global market share — plans to raise ¥4.2 billion ($619M) at a ~$6.2 billion valuation, with nearly half of proceeds earmarked for embodied AI model training over three years. The approval came despite a 53% drop in Q1 2026 adjusted net profit, reflecting heavy pre-IPO R&D and manufacturing investment.