Unitree began trading on Shanghai’s STAR Market on Aug. 19. The company’s shares opened at RMB1,100, up 629.44% from the IPO price of RMB150.80, giving Unitree a market value of about RMB444.9 billion, according to the listing data.
The debut marks Unitree’s transition from a privately funded robotics company to a publicly traded business. Its products include quadruped and humanoid robots, making the listing a major public-market event for China’s robotics sector. [TechNode reporting]