Unitree officially started trading on Shanghai’s STAR Market and surged 629.44% at the open to 1,100 yuan per share, giving the company a total market capitalization of 444.9 billion yuan, according to ChainCatcher. Based on its issue price of 150.80 yuan per share, one winning subscription lot would generate a paper gain of 474,600 yuan. The report also said Astrend IV, an affiliated entity of Shunwei Capital founded by Lei Jun, holds 16.106 million shares in Unitree. At the opening price, that stake was sitting on an unrealized gain of more than 15.2 billion yuan. The move marks Unitree’s formal arrival on the STAR Market, with opening-day pricing and shareholder gains quickly becoming the focus of attention.
Unitree officially debuted on Shanghai’s STAR Market and jumped 629.44% at the open to 1,100 yuan per share, according to ChainCatcher. The company’s total market capitalization reached 444.9 billion yuan.
Based on the issue price of 150.80 yuan per share, one winning subscription lot would yield a paper gain of 474,600 yuan.
The report added that Astrend IV, an affiliated entity of Shunwei Capital founded by Lei Jun, holds 16.106 million shares in Unitree. At the opening price, its unrealized gain exceeded 15.2 billion yuan.
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