Unitree Robotics IPO Breaks Records with Overwhelming Retail Investor Demand

Unitree Robotics, a leading humanoid robot maker in China, has witnessed an unprecedented level of interest from retail investors as its initial public offering (IPO) has been oversubscribed 5,526 times. The tremendous response has propelled Unitree towards a market valuation of $9 billion, setting the stage for mainland China’s first publicly traded humanoid robot maker. The IPO generated immense enthusiasm with individual investors submitting a staggering 9.8 million orders, amounting to approximately 8.1 trillion yuan ($1.2 trillion) of shares, surpassing the previous retail order book record in China. This overwhelming demand reflects the growing appetite for physical AI companies and…