Unitree Robotics Surges 460 Percent on Shanghai Debut, Becomes the First Pure-Play Humanoid Robot Stock at $50 Billion
Unitree Robotics closed its August 19 Shanghai STAR Market debut up 460.34 percent, valuing China's first mainland-listed humanoid robot maker at roughly $50 billion. The IPO was more than 8,000 times oversubscribed by retail investors and turned the company's founder into one of China's richest individuals.