Article
China's Unitree Robotics IPO 5,526 Times Oversubscribed By Retail Investors
China's Unitree Robotics IPO 5,526 Times Oversubscribed By Retail Investors
Unitree Robotics' initial public offering was heavily oversubscribed (5,526 times) by retail investors as China's first publicly traded humanoid robotics company prepares to enter the public markets. The IPO will help usher in physical AI to the equity market.
The Hangzhou-based humanoid robot maker raised about 6.1 billion yuan, or $904 million, after selling 40.4 million shares at 150.8 yuan each, according to Bloomberg.
The offering values Unitree at roughly 61 billion yuan, or $9 billion, ahead of its expected STAR Market debut...
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Authored by Nick Giambruno via InternationalMan.com,
When I first heard the term “financial repression,” I thought it had to be a joke.
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