After Unitree: the humanoid robotics IPO pipeline in China and the US
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Maps the next robotics listings after Unitree: AgiBot (HK IPO, $5-6.4B target), Galbot, X Square, Deep Robotics, Leju and Agility Robotics via SPAC. Expects pre-IPO perps on Hyperliquid for some of them.
Key claims
AgiBot targets a $5-6.4B valuation, shipped 8.4K vs Unitree's 5.9K humanoids in H1 2026
Deep Robotics revenue RMB 337M, up 7x YoY
Agility going public via SPAC at about $2.5B
$UNITREE debuted on Shanghai's STAR Market today and ran from an IPO price of ~$21 to over $150 at the open, settling +460% at ~$125 per share (a ~$48B valuation at close).
Robotics szn has officially started, and while retail piles into the now public $UNITREE, smart money is already positioning for what's next.
What's next?
Let me tell you:
- AgiBot (Zhiyuan): The big one. HK IPO process live since July 24, CICC + CITIC + Morgan Stanley running the book, targeting a $5-6.4B valuation. 15K cumulative units shipped, >RMB 1B revenue, Tencent/BYD/HongShan on the cap table. Third-party data even has them out-shipping Unitree in H1 2026 (8.4K vs 5.9K humanoids). Q3/Q4 window IPO likely.
- Galbot: confidential HK filing. ~$3B mark, wheeled G1 humanoid already restocking retail and pharmacy stores, factory pilots with Mercedes and Zeekr. CITIC/Huatai/UBS on the deal.
- X Square Robot: confidential HK filing at ~$2.8B. Building the Wall-OSS embodied foundation model plus Quanta wheeled humanoids. ByteDance, Alibaba and Meituan backed.
- Deep Robotics: STAR Market filing accepted in May. The mini-Unitree. Quadrupeds, RMB 337M revenue up 7x YoY, and actually profitable. Rare.
- Leju: ChiNext filing. Kuavo full-size humanoid, 577 units shipped in 2025, ~119% three-year revenue CAGR.
- Agility Robotics: the only near-term US pure play, going public via SPAC (ticker AGLT) at ~$2.5B with $300M+ in booked robots-as-a-service revenue. Foxconn anchored the PIPE. Likely Q4.
Pretty sure we'll see pre-IPO perps for at least some of those on Hyperliquid too in the coming months.
When the time comes, I'll be there for it.
In the meantime, $BOT and $DEUS can serve as an exposure proxy for private market titles in the robotics segment, but will follow up on that again separately.
Stay ahead of the curve anon.
Broader robotics landscape:
x.com/zerokn0wledge_/status/2087844878566719892
Crypto x Robotics sector:
x.com/zerokn0wledge_/status/2088387258940268823
QUOTING @zerokn0wledge_
Thanks to the house of all finance I got in early on $UNITREE, the first pure play humanoid robotics IPO. Shortly after that, my agent doubled down and increased my exposure on a separate wallet. Today I woke up, saw ADL both of my positions, and I made some very decent money.
Thanks to the house of all finance I got in early on $UNITREE, the first pure play humanoid robotics IPO. Shortly after that, my agent doubled down and increased my exposure on a separate wallet. Today I woke up, saw ADL both of my positions, and I made some very decent money.
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What came next · since 19 Aug 2026
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This breakdown analyzes the project without making a call on the token, so price moves since publication are shown as market context.
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$DEUSXMAQUINAsince publication−25%−40% vs BTC
No public market for $UNITREE, $AGLT. No reliable price feed for $BOT.
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