Unitree Robotics Surges 629% on STAR Market Debut; Investor Liang Wenfeng Nets 1.1B Yuan

Unitree Robotics, one of Hangzhou's "Six Little Dragons," made a spectacular debut on the STAR Market on August 19. The stock opened at 1,100 yuan per share, surging 629.44% from its IPO price of 150.80 yuan, giving the company a market valuation of 444.9 billion yuan. Investors who won lottery allocations for one lot (500 shares) could earn up to 474,600 yuan on the first day.

Behind the scenes, the IPO attracted a star-studded roster of shareholders. Liang Wenfeng, a prominent investor, participated through his entities—DeepSeek, High-Flyer Quant, and Jiuzhang Asset—which collectively secured approximately 1.1916 million shares via strategic placement and offline subscription. Based on the IPO price, Liang's paper gain exceeded 1.1 billion yuan.

The strong market reception underscores the high enthusiasm for robotics and AI-related listings in China. Unitree's debut reflects the growing investor confidence in embodied intelligence and advanced robotics technologies.