China's Dancing Robot Star Unitree Heads For A Record IPO. Investors Want In.
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9 Articles
China's Unitree has raised approximately 1.2 trillion won by listing on the Shanghai Stock Exchange's STAR Market. Although it has achieved the world's number one shipment volume through low-cost competitiveness based on its proprietary technology, warnings of investment overheating and calls for verification of its technological capabilities are being raised simultaneously due to growing external uncertainties, such as a lack of industrial appl…
China’s ‘physical AI’ takes center stage
The World Robot Conference kicks off in Beijing on Wednesday coinciding with humanoid maker Unitree going public in Shanghai, as the world faces a new “China shock” from advanced AI technology, experts said. While earlier economic disruption to the West centered around traditional manufacturing, Chinese policymakers are honing in on the “new new three” sectors of pharmaceuticals, robots, and AI to drive export growth. Earlier this week, Unitree …
China's Dancing Robot Star Unitree Heads For A Record IPO. Investors Want In.
Unitree has raised about $905 million ahead of its Shanghai market debut, with demand for shares exceeding the amount available by more than 8,000 times as China pushes deeper into humanoid robotics.
Unitree IPO: China's Humanoid Robot Giant Raises $905 Million in Record Listing
China's largest humanoid robot maker by sales priced its Shanghai STAR Market IPO at 150.80 yuan a share, drawing more than 8,000 times oversubscription from retail investors, a record for the exchange.
Unitree Robotics Set to Debut After $904 Million Shanghai IPO
Unitree Robotics is set to begin trading in Shanghai Wednesday after raising 6.1 billion yuan ($904 million) in an initial public offering that will make it the first publicly traded humanoid robot maker in mainland China.
At the World Robot Conference, which is being held in Beijing from Wednesday to Sunday, more than 300 companies are expected with more than two thousand exhibits and more than 150 new products.
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