Unitree Robotics stock jumps 629% following $904 million public offering
Unitree Robotics saw its stock price soar by 629% during its debut after securing $904 million through an initial public offering. This milestone establishes the firm as the first humanoid robot manufacturer in mainland China to go public. Based in Hangzhou, the company's shares climbed to 1,100 yuan ($163.12) on the STAR Market, significantly up from the initial offering price of 150.8 yuan ($22.36). It is worth noting that DeepSeek had previously contributed an investment of approximately 140.8 million yuan to Unitree earlier this year.
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