Beijing ¨C Chinese robot maker Unitree has priced its Shanghai initial public offering at 150.80 yuan per share, seeking to raise 6.1 billion yuan ($904 million) in a deal that would see it become the first mainland-listed humanoid robot manufacturer.
Unitree said its retail tranche was ?more than 8,000 times oversubscribed, underscoring intense investor enthusiasm in China for humanoid robotics. The IPO values Unitree at 219 times its ?2025 ?earnings and 36 times sales.
The following is a look at Unitree?and why it is leading several ?Chinese robotics companies toward?public listings.
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