CNN: Unitree Prices Record-Breaking Shanghai IPO at $9B Valuation Ahead of STAR Listing

CNN reports Unitree's Shanghai STAR Market debut, the mainland's first humanoid-robot IPO, is set for Wednesday after retail investors oversubscribed the offering more than 8,000 times — a record for the exchange. Shares priced at 150.80 yuan value the Hangzhou-based company at roughly $9 billion; it raised $904 million by selling 40.45 million shares. Unitree shipped about 5,500 humanoids last year at 60% gross margin.