August 7, 2026Unitree Robotics has priced its Shanghai initial public offering at 150.8 yuan a share ($22.3), valuing the company at RMB 61 billion yuan and securing a strategic investment from artificial intelligence firm DeepSeek, reports Caixin. Unitree plans to issue 40.4 million shares, equal to 10% of its enlarged share capital. If the deal goes through, the company is expected to raise RMB 6.1 billion, with net proceeds of about RMB 5.9 billion after issuance costs. The IPO includes a strategic placement to several large corporate investors. Other strategic investors, each taking 2.23% of the deal, include investment arms of China National Petroleum Corp, China Southern Power Grid and China Telecom, as well as a Tencent subsidiary.