Unitree surges more than 600% on first day of A-share listing, briefly hits 1,100 yuan

BlockBeats reported on August 19 that Unitree Technology (688836.SH), described as the first humanoid robotics stock on China’s A-share market, made its debut with a 629.44% gain at the open. The stock briefly traded at 1,100 yuan. Based on that price, the new-share allocation would have returned about 7.3 times the subscription cost, with one lot of 500 shares valued at roughly 550,000 yuan and a profit of about 475,000 yuan after deducting the 75,000 yuan payment.