// MARKETS · UNITREE
Opened at ¥1,100 — up 629%, briefly worth ~$66B — and closed up 460% near $50B, above Figure's $39B private mark, after raising ~$904M.
Unitree priced its Shanghai STAR Market IPO at ¥150.80 on 6 August 2026, raising about ¥6.1 billion (around $904 million). The retail tranche was oversubscribed more than 8,000 times, a STAR Market record. On 19 August the stock opened at ¥1,100, up 629%, and was briefly worth about $66 billion. It closed the day at ¥845, up 460%, near $50 billion. That was above Figure AI's $39 billion private mark, the first time a listed humanoid maker has outvalued Figure.
Within two sessions the shares had given back more than a third of the gain. The prospectus explains why investors were cautious. More than 70% of Unitree's revenue comes from research and education, and only about 9% from industrial work. At the debut price the stock traded at roughly 857 times projected earnings, against a market average near 130.