China’s Deep Robotics Joins IPO Race: Non-Human Workers Gear Up for Capital Markets
IPO Push Signals Robotics Boom in China
On December 23, 2025, Hangzhou-based Deep Robotics officially filed for IPO tutoring with China’s securities regulator, marking a pivotal step toward a domestic public listing. This move triggers a mandatory advisory phase designed to prepare the company for its future Initial Public Offering on a mainland exchange, likely aiming for a mid-2026 review completion. The tutoring agreement was signed on December 8 with financial and legal advisors including China Securities Co. Ltd., Zhong Lun Law Firm, and Pan-China Certified Public Accountants LLP.
Deep Robotics, founded in 2017, makes advanced quadruped and humanoid robots used in industrial inspection and hazardous environments. Valued at roughly 8 billion yuan ($1.1 billion) and backed by major financing rounds in 2023 and December 2025, the company has expanded its portfolio to include all-weather humanoid robots and companion systems — a trend reflecting broader investor enthusiasm for embodied AI and Voice AI Agents integrated in robotics. Customers include state power companies like State Grid Corp. of China and China Southern Power Grid Co. Ltd., showing early commercial traction.
Competition and Industry Momentum
Deep Robotics’ IPO bid comes amid a sprint among China’s robot makers to access public capital. Competitor Unitree Robotics completed its IPO tutoring on November 15, 2025, and is also targeting a domestic listing. Another entrant, AgiBot, is pursuing a backdoor route via acquisition of a STAR Market-listed company to enter the secondary market. These moves underscore investor appetite for Non-Human Workers and sophisticated automation technologies in China’s capital markets.
This wave of IPO filings aligns with broader trends: Chinese regulators are accelerating listing processes for high-tech firms, and robotics companies are raising large financing rounds to scale development of cutting-edge AI-enabled machines. The emphasis on AI Employees and embodied intelligence platforms shows the strategic importance Beijing places on home-grown robotics innovation, both for industrial productivity and global tech competitiveness.
Key Highlights:
- Dec. 23, 2025: Deep Robotics files for IPO tutoring for a mainland listing.
- Dec. 8, 2025: Tutoring agreements signed with key advisory firms.
- Company valued at ~8 billion yuan, offers quadrupedal and humanoid robots.
- Rivals like Unitree and AgiBot also pursue public listings, signaling a robotics IPO boom.
- Reflects rising investor interest in AI-integrated AI Employees and Voice AI Agents technologies.
Reference:
