Unitree clears Shanghai STAR Market review for $620M humanoid IPO

Shanghai Stock Exchange's Listing Review Committee approved Unitree Robotics' STAR Market IPO on June 1, just 73 days after acceptance - the fastest STAR Market track in recent memory - clearing the path for what would be China's first listed humanoid-robot company. Unitree is targeting roughly RMB 4.2B (~$620M) in proceeds at a ~RMB 42B (~$6.2B) initial market cap and disclosed 2025 revenue of RMB 1.70B and net profit of RMB 278M on shipments of more than 5,500 humanoid robots.