Unitree IPO deluge masks humanoid robots’ limitations
Unitree Robotics’ Shanghai initial public offering (IPO) was more than 5,500 times oversubscribed by retail investors as optimism about fast stock gains and Chinese robot demand outweighed concerns about a US import ban. The 6.1 billion yuan (US$900 million) share sale drew 9.8 million orders from individual investors, the robot maker said in a statement on Monday. Just 0.018 per cent of orders…
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