Unitree Robotics entered the initial inquiry stage of its STAR Market IPO on August 5, according to CCTV Finance. The inquiry session runs from 9:30 to 15:00 that day, while the sponsor verifies offline investors and strategic placement investors pay subscription funds. On August 6, the issuer will set the final offer price and confirm valid quoting investors and their subscribable share quantities. Online and offline subscription both open on August 10, with a payment deadline of August 12. The company plans to raise RMB 4.202 billion by issuing 40.4464 million new shares, representing 10% of the enlarged share capital of 404 million shares after listing. Market estimates put the IPO valuation above RMB 40 billion, which would translate to an offer price of roughly RMB 104 per share based on the STAR Market's 500-share lot size — about RMB 52,000 per lot. The actual inquiry outcome remains to be determined by market participants.
Unitree Robotics entered the initial inquiry phase of its STAR Market IPO on August 5, according to CCTV Finance and a prior company announcement. Once the inquiry is complete, subscription opens on August 10 for both online and offline investors, with a payment deadline of August 12.
The August 5 inquiry session runs from 9:30 to 15:00. During this window, the sponsor (lead underwriter) verifies offline investors, and participants in the strategic placement pay their subscription funds. On August 6, the issuer will set the offering price, confirm valid quoting investors and the share quantities they can subscribe to, and strategic placement investors will get their final allocation size and ratio.
Unitree plans to raise RMB 4.202 billion in this IPO, offering 40.4464 million newly issued shares, which equal 10% of the enlarged share capital of 404 million shares after listing. Market estimates put the IPO valuation above RMB 40 billion. Based on the STAR Market's 500-share subscription unit and that projected valuation, the offer price comes to about RMB 104 per share, so one lot would require roughly RMB 52,000. The actual inquiry result, including any deviation from those estimates, still rests with market participants.
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