Unitree's IPO was more than 8,000 times oversubscribed by retail investors, a record for Shanghai's STAR Market.
The company raised about $905 million by selling just 10% of its capital and was valued near $9 billion.
Unitree is profitable and leads humanoid-robot sales, but acknowledges that many uses remain concentrated in research and demonstrations.
Market fever does not prove robots are ready to transform factories. It proves investors fear missing out before knowing where they will work.
AdvertisementARQUITHEAArchitecture for seeing more clearlyIdeas, buildings and tools for understanding the city through real questions.Follow @arquithea_ ↗Does demand for shares prove demand for robots?
No. It measures enthusiasm and scarcity of stock. The industrial test will be useful hours, safety, maintenance and work done better than a simpler alternative.
