Chinese humanoid robot maker Unitree opens over 600% higher in Shanghai debut
SHANGHAI/BEIJING — Shares in Chinese humanoid robot maker Unitree surged more than 600% higher during its debut on the Shanghai stock exchange on August 19. The company's stock opened at 1,100 yuan (US$163) on the STAR Market, a tech-focused platform, which is 629% higher than its IPO price of 150.8 yuan. This trading debut follows Unitree's roughly US$900 million initial public offering last week, signaling a significant milestone for China's robotics sector, which is a crucial battleground in the Sino-US tech rivalry.
Analysts view this as a watershed moment, providing mainland investors with direct exposure to one of the leading companies in the field. Morningstar analyst Kangyuxiao Li noted that this could influence valuations for future robotics IPOs and private companies.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- China’s Unitree unveils ‘Superman’ robot qatar-tribune.com
- Unitree shows off its new Superman robot that it says can outrun Usain Bolt and jump 6.5 feet techspot.com
- China’s Unitree unveils ‘Superman’ robot as fervor builds ahead of Shanghai debut japantimes.co.jp
- China’s Unitree unveils ‘Superman’ robot as fervour builds ahead of Shanghai debut indianexpress.com
- Chinese humanoid robot maker Unitree opens over 600% higher in Shanghai debut thehindubusinessline.com
- Watch: Chinese company unveils ‘Superman’ robot that it says is faster than Usain Bolt theage.com.au
- Watch: Chinese company unveils ‘Superman’ robot that it says is faster than Usain Bolt smh.com.au
- China's Unitree unveils 'Superman' robot as fervour builds ahead of Shanghai debut finance.yahoo.com
