Unitree Opens STAR Market IPO Subscriptions

Unitree's IPO application was accepted by the Shanghai Stock Exchange in March. The exchange's listing committee cleared the application in June, and the China Securities Regulatory Commission approved the registration on July 1. The regulator's approval remains distinct from the current subscription event: it authorized the company to proceed under its prospectus and underwriting plan, while the Aug. 10 opening is part of the actual share offering.

Reuters reported on July 30 that subscriptions were scheduled for Aug. 10 after institutional price inquiries on Aug. 5 and pricing on Aug. 6. Chinese Fund reported the same timetable and said the offering would combine strategic placement, offline allocation and online subscription.

Dimsum Daily reported on Aug. 10 that subscriptions had begun at 150.80 yuan per share. Multiplying that reported price by the roughly 40.45 million shares implies gross proceeds of about 6.1 billion yuan before fees, consistent with the publication's estimate. The earlier prospectus had listed projects totaling about 4.2 billion yuan, including robot-model research, robot hardware development, new products and an intelligent manufacturing base.

The subscription opening gives public-market investors a price for a prominent Chinese maker of quadruped and humanoid robots. It does not yet establish post-listing demand or trading performance, and the retrieved sources do not provide a confirmed first trading date.

For robotics practitioners, the more relevant signal is Unitree's intended use of proceeds. Capital directed toward robot models, hardware, product development and manufacturing capacity could increase the company's ability to iterate across the full embodied-AI stack. Whether that investment produces better autonomy or broader deployment will require later evidence from product releases, shipments and operating disclosures rather than the subscription figures alone.