Business & Finance
Unitree's Shanghai IPO more than 8,000 times oversubscribed by retail investors
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Unitree's Shanghai IPO more than 8,000 times oversubscribed by retail investors BEIJING, Aug 10 : Chinese robot maker Unitree said on Monday its Shanghai initial public offering was oversubscribed by about 8,288.82 times by retail investors, triggering a clawback mechanism. The final lot-winning rate in the so-called online tranche of the offering - mainly for retail investors - was roughly 0.018 per cent, the company said in an exchange filing.
Unitree's Shanghai IPO more than 8,000 times oversubscribed by retail investors
BEIJING, Aug 10 : Chinese robot maker Unitree said on Monday its Shanghai initial public offering was oversubscribed by about 8,288.82 times by retail investors, triggering a clawback mechanism.
The final lot-winning rate in the so-called online tranche of the offering - mainly for retail investors - was roughly 0.018 per cent, the company said in an exchange filing.
Source: Reuters