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AgiBot IPO Shelved as Humanoid Robot Capital Logic Shifts to Orders and Repeat Purchases

AgiBot's IPO has been shelved, while it has reportedly launched a new funding round and market talk puts its valuation at about RMB 50 billion. The article notes that Unitree Robotics' market value nearly halved after its STAR Market listing and Mech-Mind broke issue price on its first day in Hong Kong, shifting capital's criteria from prototypes and concepts to order quality and customer repeat purchases. AgiBot CEO Deng Taihua disclosed that revenue grew from RMB 300,000 in its first year to more than RMB 1 billion in 2025, and the company plans for overseas sales to account for over 30% by 2026.

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