Unitree Robotics IPO sees massive demand with only 1 in 5,525 applicants winning shares
There was immense interest in the IPO for Chinese firm Unitree Robotics, with retail subscriptions reaching 8,289 times the available amount prior to adjustments. Following the clawback process, the success rate dropped to 0.0181%, resulting in roughly one out of every 5,525 investors securing shares. The company, which specializes in humanoid robots, is aiming for a market valuation exceeding 60 billion yuan, or approximately ₹84,800 crore.
by shortkt.com✓