Unitree Robotics' IPO Success: Stock Soars After Debut in Shanghai
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Published The world's biggest humanoid robot maker Unitree Robotics made its stock market debut in Shanghai on Wednesday, with its shares soaring by more than 600%.
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Financial TimesChinese humanoid robot maker surges 600% in trading debut Unitree makes stellar start in Shanghai as investors clamour for shares
CNBCUnitree Robotics shares rose 542% in early trading Wednesday as the Chinese humanoid robot maker made its stock market debut in Shanghai.
ZeroHedgeThe global market leader in humanoid-robot shipments, China-based Unitree, is set to begin trading on Shanghai's STAR Market on Wednesday, potentially sparking a wave of robotics listings in Asia as the race for physical AI remains in its early innings.
BloombergHumanoids Make Stock Market Debut in China’s AI Push China's humanoids have made their stock market debut. Unitree Robotics has just become China's first publicly traded humanoid robot maker, adding investor firepower to the country's AI ambitions. Winnie Hsu explains. (Source: Bloomberg)
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Unitree New Robot Preview: “Superman” Breaking the Limits of Humanity🥳 Standing high jump 2 m, top speed 12.66 m/s (0.85 m leg length)
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CNBCAhead of its listing, Unitree on Monday unveiled a new humanoid robot called "Superman," which it says can jump two meters from a standing position and run at speeds of up to 12.66 meters per second.
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The G1, along with other Unitree robots have been at the centre of a huge marketing push ahead of the firm's IPO.
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ZeroHedge"Unitree's IPO is significant because it provides an important A-share valuation benchmark for embodied AI and humanoid robotics," Morningstar analyst Kangyuxiao Li said.
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Unitree's product lineup spans bipedal humanoid robots that can walk and manipulate objects with dexterous hands, as well as four-legged robots used for tasks such as hazard detection.
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BBC BusinessUnitree has been selling humanoid robots since 2023, with its $13,500 child-sized G1 model hitting the market the following year.
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01 Bloomberg India Stocks Top Indonesia as Asia’s Least-Favored in BofA Poll India has replaced Indonesia as Asia’s least-preferred stock market in a survey of fund managers by Bank of America Corp., signaling growing caution toward a market that’s among the world’s worst performers this year.
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02 ZeroHedge This new machine has only been in development for a… pic.twitter.com/12i80ITU6p The Wall Street Journal reported that the Hangzhou-based company raised $900 million after pricing its shares at 150.80 yuan apiece, implying a valuation of about $9.1 billion. Retail demand was off the charts, with investors submitting 9.8 million orders and the offering more than 5,500 times oversubscribed.
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03 CNBC The Hangzhou-based robot maker, whose backflipping and dancing machines have drawn global attention, raised about 6.1 billion yuan ($905 million) in its IPO, according to its prospectus. Shares rose to 968.1 yuan apiece, after hitting as high as 1,100 yuan earlier.
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04 BBC Business In the highly anticipated initial public offering (IPO), the firm's shares opened at 1,100 yuan (£120.60; $163.12), well above the 150.8 yuan offer price.
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05 New York Post Business As Anthropic prepares for what could be one of the biggest IPOs on record, Wall Street is looking further into the future than it commonly does to put a price on the AI company, valuing it based on how much revenue it could generate two years from now.
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