Unitree, China’s humanoid robot champion, lists in Shanghai on 19 August after record demand
Unitree Robotics, the Hangzhou company that has done more than anyone else to turn Chinese humanoid robots into a spectator sport, is due to begin trading on Shanghai’s STAR Market on 19 August, according to Reuters.
The listing makes it the first general-purpose humanoid maker to go public on the mainland, and it arrives having already cleared the paperwork: China’s securities regulator signed off on the registration earlier in the year, when the numbers looked far more modest.
Unitree priced its shares at 150.8 yuan apiece, selling roughly 40mn new shares, about a tenth of the enlarged company, to raise some 6.1bn yuan, or around $900mn.
That values the business at close to 61bn yuan, near $9bn, comfortably above the 42bn yuan the market had pencilled in only weeks earlier and well beyond the $7bn figure floated during the run-up.
For a firm that was barely a household name...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
