Unitree shares surge in Shanghai debut

التكنولوجيا

Business Standard

Unitree, a leading Chinese humanoid and quadruped robot maker, saw its shares jump from an IPO price of 150.8 yuan to a close of 845 yuan, valuing the company near $50 billion and raising about $900 million after selling roughly 10% of shares. The listing boosts the company's visibility and first-mover advantage as many rivals plan listings, but it comes amid limits on U.S. access: the FCC barred future imports of such robots and the Pentagon placed Unitree on a military-affiliated companies list, while most robot sales remain to research institutions rather than commercial users.

Unitree's IPO valued the company at about $50 billion.