Unitree Technology, described in the source report as the first listed humanoid robotics company, began trading on China’s STAR Market on Tuesday under the ticker 688836. After the opening bell, the stock rose more than 500%, pushing the company’s market capitalization above 350 billion yuan.
Before the offering, the company had an equity incentive platform called Shanghai Yuyi, which held 39.8286 million shares, equal to a 10.9414% stake in Unitree. The report said three company executives held indirect stakes through that platform: Yang Zhiyu, head of mechanical structure, with 0.49%; Chen Li, head of sales and service systems, with 0.26%; and Zhang Yangguang, head of algorithms and software, with 0.15%.
Based on a 350 billion yuan market value, the corresponding value of those holdings was calculated at about 1.715 billion yuan for Yang, 910 million yuan for Chen, and 525 million yuan for Zhang, according to the figures cited in the source material.
According to ChainCatcher, Unitree Technology, described in the report as the first listed humanoid robotics company, debuted on China’s STAR Market today under ticker 688836. The stock rose more than 500% after the open, lifting the company’s market capitalization above 350 billion yuan.
Before the offering, Unitree had an equity incentive platform known as Shanghai Yuyi, which held 39.8286 million shares in the company, representing 10.9414% of total shares.
The report said Yang Zhiyu, head of mechanical structure, Chen Li, head of sales and service systems, and Zhang Yangguang, head of algorithms and software, indirectly held 0.49%, 0.26%, and 0.15% of the company, respectively, through Shanghai Yuyi.
Using a market capitalization of 350 billion yuan, the value of those indirect holdings works out to about 1.715 billion yuan for Yang, 910 million yuan for Chen, and 525 million yuan for Zhang.
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