Unitree Robotics surges 629% to US$66 billion valuation in Shanghai share debut

Shanghai listing frenzy propels cutting-edge humanoid robot maker to new heights

Chinese humanoid robot maker surges 600% in trading debut

Chinese robot maker Unitree is preparing to make its stock market debut after raising 6.1 billion yuan, or about $905 million, in a heavily oversubscribed initial public offering.

The Hangzhou-based company is offering about 40.45 million shares at 150.8 yuan (about 22.2 U.S. dollars) each, representing 10 percent of its post-offering share capital.