Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of U.S. competitors
Shares in Unitree, one of China’s largest manufacturers of humanoid robots, closed their first day of trading by more than 460%, showing strong investor appetite for China’s robotics sector. Unitree raised around $900 million in its IPO on Shanghai’s STAR Market, the city’s board for technology startups, at a valuation of $9 billion.
Reported by 2 outlets — Fortune, New York Post. See all sources ↓
Shares in Unitree, one of China’s largest manufacturers of humanoid robots, closed their first day of trading by more than 460%, showing strong investor appetite for China’s robotics sector. Unitree raised around $900 million in its IPO on Shanghai’s STAR Market, the city’s board for technology startups, at a valuation of $9 billion. After today’s surge, Unitree is now worth around $66 billion, ahead of larger Chinese tech firms like Baidu and JD.com. It’s also worth more than the most valuable U.S.
Read the full report at Fortune ↗
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- What's the story?
- Shares in Unitree, one of China’s largest manufacturers of humanoid robots, closed their first day of trading by more than 460%, showing strong investor appetite for China’s robotics sector. Unitree raised around $900 million in its IPO on Shanghai’s STAR Market, the city’s board for technology startups, at a valuation of $9 billion.
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- 2 outlets, average source rating 5.5/10.
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- 10m ago.
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Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of U.S. competitors
Sources2TypeCoverageFortune
New York Post