Domestic
High demand for Unitree shares ahead of IPO
The IPO of Chinese robotics manufacturer Unitree is generating significant interest from investors looking to secure shares in record amounts.
Unitree, a Chinese manufacturer of humanoid robots, is witnessing enormous demand for its shares ahead of its planned initial public offering (IPO). According to the Shanghai Stock Exchange, private investors have ordered approximately 8,300 times more shares than were originally offered for subscription.
The company aims to raise about six billion yuan (approximately 790 million euros) through the IPO. A specific date for the first trading day has not yet been announced.