Unitree, one of the world’s leading humanoid robot makers, has made a striking debut on China’s stock market, with its shares soaring by more than 600 per cent.
The Chinese robotics company has gained international attention through viral videos showing its humanoid robots performing martial arts, running at speeds comparable to Olympic athletes and dancing alongside pop stars.
Shares in the business, officially known as Yushu Technology Co, rose to as high as 1,100 yuan (£120.39) on Wednesday, up from an IPO price of just 150.8 yuan. Its gains were later pared back to a rise of nearly 500%.
Unitree, which was founded in 2016, shipped more than 5,500 humanoid robots last year.
The market for human-like robots is expected to grow rapidly, with analysts projecting that sales could rise from around $2bn (£1.5bn) in 2025 to $300bn by 2035.
Unitree is one of the few listed humanoid robot makers in the world. Its biggest competitor, AgiBot, is private and its smaller rival UBTech is listed in Hong Kong.
