Chinese humanoid robot manufacturer Unitree Robotics (Yushu Technology) soared 460% on its Shanghai stock debut, reaching a market cap of 1.67 trillion baht. The IPO raised 298 billion baht and attracted record-breaking demand (5,500–8,000x oversubscription on the STAR Market). Unitree is the world's largest humanoid robot seller by units (5,500+ delivered in one year) with accelerating revenues (8.31 billion baht in 2025, 147% YoY growth) and expanding margins. Strategic investors including DeepSeek (2.31% stake) aim to bolster AI capabilities. However, some analysts flag valuation concerns and a slowing growth trajectory ahead.
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