Unitree expected to surge in Shanghai stock debut

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Unitree expected to surge in Shanghai stock debut
Technology

Yahoo! Finance

Unitree, China's most high-profile humanoid robot maker, is widely expected to make a strong Shanghai stock market debut next week after its IPO was more than 8,000 times oversubscribed by retail investors. Private share platforms and crypto derivatives point to expected jumps of roughly three- to fourfold, and scalpers reportedly offered 410 yuan, a 170% premium to the 150.8 yuan offering price. Unitree is profitable, the world's biggest humanoid-robot maker by sales, and has backing from Tencent, Alibaba and DeepSeek, while its founder met President Xi at a tech summit; a blockbuster debut could brighten sentiment for other Chinese tech listings.

Unitree's IPO was 8,000 times oversubscribed on the STAR Market

Context

Unitree plans to list on Shanghai's STAR Market. Retail investors oversubscribed the IPO more than 8,000 times. The listing date may be announced on Friday and a strong debut could boost other tech listings.

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