China’s Unitree Robotics witnessed an overwhelming response from retail investors as its IPO saw a remarkable 5,526 times oversubscription. During the IPO, the company, known officially as Yushu Technology, sold 40.4 million shares at 150.8 yuan each, generating approximately 6.1 billion yuan in funds. This successful offering is poised to grant Unitree a market valuation of US$9 billion, marking a significant milestone in mainland China for publicly traded humanoid robot manufacturers.
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