Unitree Robotics surges 629% in Shanghai debut

Unitree Robotics opened at 1,100 yuan on Shanghai's STAR Market — 629% above its 150.80 yuan IPO price. The humanoid-robot maker's first trade valued it above 366 billion yuan, six times its 61 billion yuan offering valuation. Unitree raised 6.1 billion yuan selling 10% of shares. Whether that premium survives the 20% daily price band is the open question.