Introduction
China-based humanoid robot manufacturer Unitree Robotics attracted intense interest on its first trading day on the Shanghai Stock Exchange’s STAR Market platform. Rising 629% from the IPO price of 150.80 yuan, the shares began trading at 1,100 yuan and ended the day at 845 yuan.
Developments
Thus, the increase in value on the first day was 460%, while the company’s market capitalization at the close reached approximately 342 billion yuan, or approximately 50 billion dollars. Trading volume was recorded at approximately 23.2 billion yuan.
Unitree raised approximately 6.1 billion yuan, or approximately 905 million dollars, by selling 40.45 million shares in its IPO.
Details
Approximately 9.8 million investment accounts applied for the 9.7 million shares allocated for online sales, while the allotment ratio remained at 0.018%. The value of founder Wang Xingxing’s approximately 121.4 million shares reached approximately 103 billion yuan as of the close.