Unitree surges in Shanghai debut, a milestone for China’s humanoid robotics sector

Unitree, a Chinese humanoid robot manufacturer, made its public market debut on the Shanghai STAR Market, closing at 845 yuan and achieving a valuation of approximately $50 billion. The stock finished 460% above its initial public offering price of 150.8 yuan, substantially exceeding the average first-day gain of 279% for Chinese listings thus far this year. Despite the broader market declining 3% on the day, Unitree’s strong performance underscored investor enthusiasm for the company.
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