Unitree Robotics' initial public offering was heavily oversubscribed (5,526 times) by retail investors as China's first publicly traded humanoid robotics company prepares to enter the public markets. The Hangzhou-based humanoid robot maker raised about 6.1 billion yuan, or $904 million, after selling 40.4 million shares at 150.8 yuan each, according to Bloomberg. The IPO will make the firm China's first publicly traded humanoid robot manufacturer. Top investors soaked up about 20% of the offering, including AI startup DeepSeek, a Tencent-affiliated investment vehicle, and investment arms linked to CNPC, China Southern Power Grid, and China Telecom. Smart Analytics Global said global humanoid shipments tripled to 19,100 units in the first half from 5,100 a year earlier.