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.