Unitree Robotics to Debut in Shanghai After $904 Million IPO
MT Newswires Live
Aug 19
Unitree Robotics is set to begin trading in Shanghai Wednesday after raising 6.1 billion yuan ($904 million) in an IPO, making it the first publicly traded humanoid robot maker in mainland China, Bloomberg reported Tuesday.
The Hangzhou-based company, officially Yushu Technology Co., sold 40.4 million shares at 150.8 yuan apiece, valuing it at about 61 billion yuan, the report said.
The retail portion of the offering was 5,526 times subscribed, according to Bloomberg calculations based on exchange filings, with Unitree's retail order book exceeding the 7.07 trillion yuan generated by CXMT Corp.'s offering last month.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.