China’s Dancing Robot Star Unitree Heads For A Record IPO. Investors Want In.

Chinese robot maker Unitree is preparing to make its stock market debut after raising 6.1 billion yuan, or about $905 million, in a heavily oversubscribed initial public offering. The Hangzhou-based company is scheduled to begin trading in Shanghai on Wednesday, becoming the first humanoid robot maker to list in mainland China. Demand for the shares exceeded the amount available by more than 8,000 times, setting a record for Shanghai’s technology-focused STAR Market. Unitree gained international attention for humanoid robots capable of dancing, boxing, performing martial arts and completing backflips. The company is also the world’s largest seller of humanoid robots…