Robot maker Unitree's stock sale gets 5,526 times more buyer interest than shares available

Unitree Robotics, a humanoid robot maker, priced its Shanghai stock sale at 150.8 yuan per share, valuing the company near 61 billion yuan. Retail investors placed 9.8 million orders worth about 8.1 trillion yuan — 5,526 times the shares available, Bloomberg reported. Because demand far exceeds supply, buyers get a tiny fraction; most of that money never gets spent.