Unitree’s 45% Stock Drop Raises Bubble Concerns in China’s IPO Market

Shares of Chinese humanoid robot maker Unitree plummeted approximately 45% following its Shanghai debut, sparking worries about speculative excess and weaknesses in China’s initial public offering system. Unitree, a major producer of quadruped and humanoid robots globally, initially surged over fivefold on its first day of trading on the Shanghai Stock Exchange, briefly reaching a valuation of around $66 billion before losing about $30 billion in market value during subsequent trading. The sharp decline in Unitree’s stock price has reignited discussions about whether investor excitement for artificial intelligence and robotics has outpaced the companies’ actual performance. The volatility in Unitree’s…