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Unitree IPO Soars 460% As "Strong Retail Appetite" May Ignite Physical AI Listing Boom
Unitree IPO Soars 460% As "Strong Retail Appetite" May Ignite Physical AI Listing Boom
Summary:
Unitree Soars 460% in Shanghai IPO
Solactive China Humanoid Robotics Index Plunges As IPO "Drew Funds Away"
Unitree IPO 5,550 Times Oversubscribed As UBS Says Grey Market Points To 3.5x Open
Unitree Robotics, one of the most closely watched technology IPOs in Shanghai this year, made its trading debut earlier Wednesday and closed up a staggering 460%. The Chinese humanoid robot maker raised 6.1 billion yuan, or about $904 million.
The Hangzhou-based company, formerly known as Yushu Technology Co., climbed...
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Authored by James Rickards via The Daily Reckoning,
It's past time to look beyond the AI hype. The stock valuations of the leading hyperscalers and frontier AI modeling companies are almost certainly in bubble territory. But the market will sort that out in time.
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Hungary To Halt Gas Deliveries To Ukraine Over Its Energy 'Blackmail': Orban
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Hungary is moving to choke off gas flows to Ukraine, escalating an energy standoff after Kiev halted Russian oil transit via the Druzhba pipeline.
Prime Minister Viktor Orban in a fresh social media video address reiterated that Ukraine has blocked the Soviet-era route for a month, and he newly warned: "As long as Ukraine does not provide oil, it will not receive gas from Hungary," according to a translation.
via Reuters
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