Unitree IPO Attracts 9.8 Million Retail Investors as China’s Robot Frenzy Intensifies
Unitree’s Shanghai IPO drew 9.8 million retail investors, leaving applicants with roughly a 1-in-5,500 chance of receiving shares.
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Unitree’s Shanghai IPO drew 9.8 million retail investors, leaving applicants with roughly a 1-in-5,500 chance of receiving shares.
Unitree Robotics plans to raise about $904 million in a Shanghai IPO that would value the Chinese humanoid robot maker at approximately $7.5 billion.
The Shanghai Stock Exchange approved Unitree Robotics’ IPO application, clearing a major hurdle for one of China’s most prominent humanoid robot companies as investor interest in robotics continues surging.
Unitree Robotics reported a 53% profit decline ahead of its IPO hearing as R&D spending and competition increased.