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

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...