Unitree Robot Maker Soars: Oversubscribed IPO Sets Stage for Explosive Shanghai Debut
Unitree, China's top humanoid robot maker, is set to make its highly anticipated debut on Shanghai's STAR Market next week.
The company's initial public offering (IPO) has been met with intense interest from investors, with the stock being more than 8,000 times oversubscribed by retail investors, a record for tech startups in Shanghai.
Unitree's shares are currently trading at a premium on private share platforms such as EquityZen and Hiive, with prices suggesting a potential upside of almost four times the IPO price on some crypto exchanges.