Unitree IPO 5,526 times subscribed by retail investors
Unitree Robotics has seen massive retail demand for its IPO, raising 6.1 billion yuan and becoming China's first publicly traded humanoid robot manufacturer. The company plans to leverage AI partnerships to advance its embodied-intelligence models.
Why it matters
The successful IPO signals China's aggressive push to lead in the global robotics and AI race, supported by state-backed investment.
Unitree raised about 6.1 billion yuan (S$1.2 billion) to become China’s first publicly traded humanoid robot maker.
Listen SHANGHAI – The highly anticipated initial public offering of Unitree Robotics drew huge demand from retail investors as China’s leading humanoid robot maker opened books for an offering that is set to give it a market valuation of US$9 billion (S$11.5 billion).
The retail portion of the IPO was 5,526 times subscribed, with individual investors submitting 9.8 million orders, according to an exchange filing released on Aug 10.
The Hangzhou-based company sold 40.4 million shares at 150.8 yuan apiece, raising about 6.1 billion yuan (S$1.2 billion) to become mainland China’s first publicly traded humanoid robot maker.
Unitree, officially known as Yushu Technology, is expected to debut on Shanghai’s STAR Market in August.
China is increasingly turning to the capital market to fund its tech race against the US in artificial intelligence.
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