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Unitree Robotics' Shanghai IPO Retail Portion Oversubscribed 5,526 Times

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Unitree Robotics (SHA:688836) saw the retail portion of its Shanghai Stock Exchange's STAR Market board listing oversubscribed 5,525.6 times, according to a Shanghai bourse filing late Monday.

The retail offering drew 9.8 million valid online subscription orders applying for 53.6 billion shares out of the 9.7 million shares allocated in the online portion.

The Chinese robotics company sold 40.4 million shares, representing 10% of its share capital, at 150.89 yuan apiece, raising about 6.1 billion yuan in gross proceeds and giving it a market value of about 61 billion yuan.

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