Unitree Robotics’ initial public offering has reportedly been oversubscribed more than 5,000 times as investors scramble for shares in one of China’s best-known humanoid robot manufacturers. The Hangzhou-based company priced its IPO at 150.8 yuan ($22.4) per share, raising approximately $900 million and giving Unitree a valuation of around $9 billion, according to CNBC. Demand […]

Chinese robotics company Unitree has priced its initial public offering at a valuation of approximately $9 billion, becoming the country’s first mainland-listed humanoid robot manufacturer and highlighting growing investor interest in AI-powered robotics despite rising geopolitical tensions. The Hangzhou-based company said it has priced its Shanghai STAR Market IPO at 150.8 yuan ($22.34) per share, […]