Unitree’s stock closed up 460% on its first trading day, marking mainland China’s first public robotics firm.
Unitree, a Chinese developer of AI-powered humanoid and quadruped robots, saw its shares jump 460% in its market debut on Wednesday. The Hangzhou-based company’s IPO is the first for a pure-play robotics firm in mainland China, highlighting growing investor appetite for advanced automation technologies.
The stock opened sharply higher and maintained gains throughout the session, though it trimmed some intraday highs. Unitree’s robots compete with Tesla’s Optimus and other global players, positioning the company in a high-growth sector.
The blockbuster debut underscores strong demand for robotics exposure in China’s equity markets, though no immediate market reaction data was provided.