Unitree Robotics, a Chinese robotics startup, has seen its share price drop by more than 50% from its opening price one month after listing on the Shanghai Stock Exchange, according to Nikkei Asia. At the opening price, the company’s market capitalization reached $66 billion. The report said that as the initial public offering boom has cooled, investors are reassessing the future of humanoid robots. Retail investors are also watching the sector more closely and weighing the potential of humanoid robotics. Unitree Robotics develops robot products including quadruped robots and humanoid robots. The move in its stock comes as market attention shifts from listing momentum to a closer review of business prospects in the humanoid robot segment.
Unitree Robotics, a Chinese startup focused on robotics, has fallen more than 50% from its opening price one month after listing on the Shanghai Stock Exchange, according to Nikkei Asia. At its opening price, the company was valued at $66 billion.
The report said that as the IPO boom has cooled, investors are reassessing the future of humanoid robots. Retail investors are also paying closer attention to the sector’s potential. Unitree Robotics makes both quadruped robots and humanoid robots.
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