China’s backflipping robot maker Unitree pops 542% in Shanghai debut
Unitree Robotics shares rise 542% on their first day of trading in Shanghai
TL;DR
- Unitree Robotics shares surged 542% on their first day of trading on the Shanghai stock market.
- The company raised about 6.1 billion yuan ($905 million) in its IPO.
- Unitree develops advanced bipedal humanoid and four-legged robots.
- The company unveiled a new humanoid robot named "Superman" ahead of its listing.
- Analysts forecast substantial growth for China's humanoid robot market, expecting shipments to reach 50,000 units this year and the market to grow to $15 billion by 2030.
- DeepSeek invested approximately 140.8 million yuan in Unitree's IPO.