China's robot champion rose 460%. Then it fell 45%
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4 Articles
The titles closed this Tuesday at 620.8 yuan per share, a fall of 45.2% compared to the 1,100 yuan they opened at the premiere. The capitalization of the company went to 36,270 million dollars.
China's robot champion rose 460%. Then it fell 45%
Unitree’s shares have fallen roughly 45% from the peak they hit on their first day of trading in Shanghai. The slide has turned a national success story into an argument about how China prices its listings. The stock steadied on Tuesday after three consecutive days of decline, Reuters reported. The valuation of the Hangzhou humanoid […] This story continues at The Next Web
The company had achieved a meteoric increase of 300% above the price set by the company for the public offer in its stock debut on August 19th.
Less than a week after its introduction on the Stock Exchange, Unitree, the Chinese star of humanoid robots, drinks the cup. After an explosive entry to Shanghai, its action plunged by 45%, a movement that necessarily questions the strength of the whole sector.
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