Unitree IPO oversubscribed 5,526 times, drawing 8.1 trillion yuan in retail orders

Unitree Robotics' Shanghai STAR Market IPO drew 9.8 million retail orders totaling about 8.1 trillion yuan in notional demand — 5,526 times the shares on offer, Bloomberg reported. Since A-share IPOs pro-rate allocations when oversubscribed, most of that money won't change hands. Unitree priced at 150.8 yuan per share, valuing the humanoid robot maker near 61 billion yuan.