6 Hrs
Source:
Sky News
Unitray Robotics Stocks Surge 629% on Debut
Chinese company Unitree Robotics, specialized in developing humanoid robots, made a strong debut in the Chinese stock market following its listing on the Shanghai Stock Exchange, with its share soaring by 629% on the first day of trading. The company raised approximately $905 million through its initial public offering (IPO), and its market valuation reached around $66 billion, reflecting great confidence in China's advanced robotics sector. Its products include self-balancing humanoid robots capable of jumping and running, with expectations of increasing demand for humanoid robots to reach 50,000 units in 2023, and the market growing to $15 billion by 2030, transitioning from experimental phases to wide-scale commercial deployment.
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