Chinese humanoid robot maker Unitree opens over 600% higher in Shanghai debut
The stock opened at 1,100 yuan on the tech-focused STAR Market, 629% higher than its IPO price of 150.8 yuan. It is seen by some as a watershed moment for China’s robotics sector — a key battleground in the Sino-US tech war.
Chinese humanoid robot manufacturer Unitree saw its stock soar over 600% in its Shanghai market debut on Wednesday, opening at 1,100 yuan on the STAR Market, a tech-focused exchange. This marked a staggering 629% increase from its initial public offering price of 150.8 yuan just a week prior. The debut occurred concurrently with the opening of the World Robot Conference in Beijing.
Analysts view this as a significant milestone for China's robotics industry, a crucial arena in the ongoing Sino-U.S. tech conflict. For investors, this allows direct exposure to a leading company in the sector, potentially shaping future valuations for robotics IPOs and private enterprises, according to Morningstar analyst Kangyuxiao Li.
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