Unitree Robotics shares surge 542% on Shanghai debut
Unitree Robotics’ shares jump 542% in early Shanghai trading after the Chinese humanoid robot maker’s stock market debut, with the IPO raising about 6.1B yuan ($905M).
Unitree Robotics shares rose 542% in early trading Wednesday as the Chinese humanoid Robot maker made its stock market debut in Shanghai.
The Hangzhou-based Robot maker, whose backflipping and dancing Machines have drawn global attention, raised about 6.1B yuan ($905M) in its IPO, according to its prospectus.
Shares rose to 968.1 yuan apiece, after hitting as high as 1,100 yuan earlier.
CNBC