Backed by DeepSeek, Unitree IPO tests investor appetite for China’s AI robotics boom

AI Summary

Unitree Robotics, backed by DeepSeek, has launched its IPO on Shanghai’s Star Market, valuing the firm at approximately US$9 billion. The IPO reflects rising investor interest and is seen as a benchmark for China's AI and robotics sector growth.

The long-awaited initial public offering of Unitree Robotics, which values the Hangzhou-based firm at 60.99 billion yuan (US$9 billion), is set to serve as a valuation benchmark for China’s booming embodied-AI sector, buoyed by retail investor excitement and high-profile AI backers like DeepSeek. Widely billed as “mainland China’s first humanoid stock”, Unitree has priced its IPO on Shanghai’s Star Market at 150.8 yuan per share, according to a filing released Thursday evening. The firm will...