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Unitree's Blockbuster IPO Short Circuits
Unitree's Blockbuster IPO Short Circuits
Shares of Unitree Robotics have nearly halved since the Chinese company's blockbuster IPO almost two weeks ago, as concerns about a humanoid robotics bubble continue to mount. Not even China's World Humanoid Robot Games or World Robot Conference generated enough enthusiasm among retail or institutional investors to rekindle upward momentum.
The warning signs were first visible from the opening bell in Shanghai. Unitree initially surged 629% when it began trading on Shanghai's Star Market, immediately transforming China's first publicly traded humanoid robot manufacturer into a...
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