China's Dancing Robot Star Unitree Heads For A Record IPO. Investors Want In.

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.