Chinese Company Flexes Dominance in Robotics Space with Splashy Stock Market Debut
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5 Articles
Chinese company flexes dominance in robotics space with splashy stock market debut
The Chinese robotics company Unitree, known for its highly advanced humanoid robots, made a tremendous debut on Shanghai's stock market. The company is considered an industry leader in robotics.
Unitree’s OPV on the stock market closes with a rise of 460% and the company is worth 50 billion dollars. Keys of the Unitree operation raise 904 million dollars in Shanghai. Retail demand exceeded in thousands of times the shares available. Capitalization skyrockets to 50 billion. The stock rose by more than 600% during the session before closing about 460%. The humanoid robot market still does not exist on a commercial scale. The valuation acc…
Ubtech Robotics: Between a Chip Alliance and a Reckoning on the Factory Floor
The humanoid robotics sector has a new darling, and it is not Ubtech Robotics. When rival Unitree Robotics stormed onto Shanghai’s STAR Market on August 19, it raised 6.1 billion yuan in an offering that was more than 8,000 times oversubscribed, with shares surging 629 percent on debut to a valuation north of $50 billion. […] The post Ubtech Robotics: Between a Chip Alliance and a Reckoning on the Factory Floor appeared first on NewsCase.
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Diario de JerezThe company's humanoids have gone from dancing at the New Year's gala to conquering the Chinese bag The Chinese robotics company Unitree shoots 460% at its stock market premiere in Shanghai
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