SHA:688836

Nomura Starts Unitree Robotics at Buy With 370 Yuan Price Target

Unitree Robotics Surges 629% in Shanghai Debut

Unitree Robotics (SHA:688836) shares opened at 1,100.00 yuan apiece on their first day of trading on the Shanghai Stock Exchange's STAR Market board Wednesday.This marked a 629% jump from the robotics company's initial public offering price of 150.80 yuan.Unitree raised 6.1 billion yuan from the IPO, achieving a 61 billion yuan valuation.

Unitree Robotics' Shanghai IPO Draws DeepSeek, CNPC, More

Strategic placements in Unitree Robotics' (SHA:688836) initial public offering have drawn a lineup of tech and state-backed institutional particiapnts including AI startup DeepSeek and China National Petroleum Corp., among others.DeepSeek and the National Council for Social Security Fund led the investments, each committing about 141 million yuan under 36-month lockup agreements.Other participants include PetroChina (SHA:601857, HKG:0857) parent CNPC, Tencent (HKG:0700) unit Tencent Technology (Shanghai), China Southern Power Grid Industry and Finance, Tianyi Capital Holdings, Shanghai Qishan Investment, a CITIC Securities (SHA:600030, HKG:6030) unit and more.Unitree priced its offering of 40.4 million shares at 150.80 yuan apiece, raising 6.1 billion yuan.

Unitree Robotics IPO Activates IPO Clawback After 8,289-Times Retail Oversubscription

Unitree Robotics (SHA:688836) has triggered a mandatory clawback reallocation for its initial public offering (IPO) on the STAR Market board in Shanghai after retail demand exceeded thresholds.During the preliminary subscription phase, the online retail pool saw valid retail bids exceeding the online allocation of 6.47 million shares by about 8,288.82 times.Because this surpassed the exchange's regulatory limit of 100 times, CITIC Securities was required to activate the overallotment clawback mechanism.The clawback increased the online tranche to 30% of the net offering, according to a Wednesday filing with the Shanghai Stock Exchange.Priced at 150.80 yuan per share, the robotics company is issuing a total of 40.45 million shares, with CITIC Securities acting as the lead sponsor and underwriter.

Agibot Overtakes Unitree as Global Humanoid Robot Leader

Agibot has surpassed Unitree Robotics (SHA:688836) to become the world's largest humanoid robot shipper in the first half, according to a SAG Robotics 360 research report published Monday.The Shanghai-based company shipped about 8,400 units, up 562% year on year, lifting its global market share to 44% from 25%.Unitree fell to second place despite a robust 170% growth to 5,900 units, capturing 31% of the market.Global humanoid robot shipments in H1 jumped 272% to 19,100 units from 5,100 units.

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

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.

Unitree Robotics Opens Shanghai IPO Subscription

Unitree Robotics (SHA:688836) on Monday opened subscriptions for its initial public offering Shanghai Stock Exchange's STAR Market, according to a same-day notice on the bourse.The move followed the robotics company's pricing of over 40.4 million shares at 150.80 yuan apiece to raise up to 6.10 billion yuan.

DeepSeek Invests Nearly 141 Million Yuan in Unitree Robotics

Unitree Robotics (SHA:688836) said Chinese artificial intelligence startup DeepSeek has invested 140.8 million yuan in the robot maker's initial public offering's strategic placement.DeepSeek received 933,399 Unitree Robotics shares, representing 2.31% of the ​shares allocated under the initial public offering's strategic placement, according to a filing on the Shanghai bourse.

Unitree Prices Shanghai IPO at 61 Billion Yuan Valuation

Unitree Robotics (SHA:688836) has priced its initial public offering on the Shanghai Stock Exchange's STAR Market board, seeking a valuation of 61 billion yuan, according to a Shanghai Stock Exchange filing on Friday.The Chinese robotics company will offer 40,446,434 shares representing 10% of its share capital at 150.80 yuan apiece to raise 6.1 billion yuan in gross proceeds.The figure tops earlier market expectations, with Bloomberg previously reporting that the company was expected to raise about 4.2 billion yuan.Online and offline subscriptions will begin Aug. 10.

Unitree Publishes Initial Strategic Placement Details for its Shanghai IPO

Unitree Robotics (SHA:688836) announced the details for its initial strategic placement for its listing on the Shanghai Stock Exchange's STAR Market, according to a Thursday bourse filing.The Chinese robotics company plans to publicly issue 40,446,434 new shares, representing 10% of its total shares post-listing. Out of the total offering, 8,089,286 shares will be issued in the initial strategic placement.The strategic placement comprises the offline and online offerings. Before the activation of the clawback mechanism, the initial offline offering will consist of 25,886,148 shares and the online offering will comprise 6,471,000 shares.The online roadshow will be held on Friday, Aug. 7.

Unitree Robotics Files For Shanghai IPO

Unitree Robotics (SHA:688836) has submitted its prospectus for an initial public offering on the Shanghai Stock Exchange's STAR Market board.The Hangzhou-based robotics company plans to issue 40.4 million shares, accounting for a 10% stake in the firm post-issuance, according to the prospectus filed late Thursday.The preliminary price inquiry is scheduled for Aug. 5, while online and offline subscriptions are expected to begin Aug. 10.CITIC Securities will serve as the lead underwriter of the IPO.In March, Bloomberg reported that Unitree plans to raise 4.2 billion yuan from its planned IPO.Alongside the prospectus, Unitree disclosed that it expects attributable net profit in the first half to range between 258 million yuan and 306 million yuan, versus a net loss of 32 million yuan a year earlier.First-half revenue is predicted to have jumped 35.6% to 45.4% to about 1.05 billion yuan to 1.13 billion yuan.