
Unitree IPO surges 600% in early trading
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- Unitree’s shares surged about 600% after the Chinese robotics company began trading in Hong Kong.
- The jump put the company’s market value well above its IPO valuation.
- The move outpaced several crypto-linked premarket bets tracked by CoinDesk.
Unitree Robotics shares surged about 600% after the robotics company began trading on the Hong Kong Stock Exchange.
The company had priced its IPO at HK$131.80 per share before trading began.
The surge lifted Unitree’s market value sharply above the level implied by its IPO price.
The move also drew attention from crypto traders using premarket platforms to speculate on the stock’s debut.
Unitree develops humanoid and quadruped robots for consumer, research and commercial uses.
The company has attracted interest from investors as demand for robotics and artificial intelligence grows.
The IPO adds another example of strong investor demand for robotics companies in public markets.