Home Business & Finance China’s Unitree Seeks $904 Million in First Mainland Robotic IPO
Business & Finance

China’s Unitree Seeks $904 Million in First Mainland Robotic IPO

Key Points

China’s Unitree Seeks $904 Million in First Mainland Robotic IPO China’s Yushu Technology Co., known as Unitree Robotics, is seeking to raise about 6.1 billion yuan ($904 million) in an initial public offering that would make it the mainland’s first publicly traded humanoid robot maker. The Hangzhou-based firm priced its offering on Shanghai’s technology-heavy STAR Market at 150.80 yuan per share, according to an exchange filing Thursday. The sale will consist of 40.4 million shares, or 10%...

China’s Unitree Seeks $904 Million in First Mainland Robotic IPO China’s Yushu Technology Co., known as Unitree Robotics, is seeking to raise about 6.1 billion yuan ($904 million) in an initial public offering that would make it the mainland’s first publicly traded humanoid robot maker. The Hangzhou-based firm priced its offering on Shanghai’s technology-heavy STAR Market at 150.80 yuan per share, according to an exchange filing Thursday. The sale will consist of 40.4 million shares, or 10% of its enlarged share capital following the IPO.
China (LOCATION) First Mainland Robotic IPO (ORG) Yushu Technology Co. (ORG) Unitree Robotics (ORG) Hangzhou (LOCATION) Shanghai (LOCATION) IPO (ORG)
Originally published by Bloomberg Technology Read original →