Unitree Robotics to Launch IPO on Shanghai's Star Market Next Week
نظرة سريعة
- Unitree Robotics, a Hangzhou-based firm, announced its initial public offering (IPO) on Shanghai's Star Market next week, planning to sell 40.45 million shares.
- This move is part of a broader trend among Chinese robotics start-ups racing to go public amidst intense rivalry with US counterparts.
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Chinese robotics start-ups are actively pursuing public listings amidst intense competition with their counterparts in the United States.
Unitree Robotics will launch its initial public offering (IPO) in Shanghai next week, the firm announced late on Thursday, as China’s robotics start-ups race to go public amid an intense rivalry with their counterparts in the United States.
The Hangzhou-based company plans to sell 40.45 million shares, or 10 per cent of its enlarged share capital.
It is another closely watched debut on Shanghai’s Star Market, following the recent listing of ChangXin Memory Technologies (CXMT), whose market capitalisation briefly exceeded 4 trillion yuan (US$592 billion) on Friday, making it the most valuable company listed on a mainland Chinese exchange.
After the listing, Unitree founder Wang Xingxing and related parties will hold 31.29 per cent of the company’s shares and 65.31 per cent of its voting rights.
Unitree will begin book-building on August 5 and set an offer price the following day, with the final results set to be published on August 14.
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Unitree will begin book-building on August 5.
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Unitree will set an offer price on August 6.
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أسئلة مفتوحة
- What will be the final offer price for Unitree shares?
- How will Unitree's shares perform post-listing?
