Unitree Technology IPO Oversubscribed; Single Lot Could Net 350K Yuan
SingTao · 2 SOURCESabout 2 hours ago2 MIN
Summary
Unitree Technology (stock code: 688836.SH), China's leading embodied artificial intelligence company, officially commenced its STAR Market IPO subscription on July 10, aiming to become the first humanoid robot stock listed on A-shares. Priced at 150.8 yuan per share, the offering is projected to raise approximately 6.099 billion yuan, making it the second-largest STAR Market IPO this year after Changxin Technology's listing in late July. Given the company's relatively small public float and the historic "first humanoid robot stock" narrative, analysts expect extreme subscription enthusiasm with extremely low allocation odds.
Key Points
- Unitree Technology IPO price set at 150.80 yuan per share, with total fundraising target of approximately 6.099 billion yuan
- Each lot consists of 500 shares requiring an upfront payment of 75,400 yuan; results will be announced on August 12
- Multiple brokerages estimate the online subscription rate at only 0.02-0.03 percent, far below Changxin Technology's 0.47 percent
- Meituan-affiliated entities hold 9.6488 percent, making them the largest external institutional shareholder
- Hong Kong-listed Shoucheng Holdings (stock code: 0697.HK) holds approximately 3.8262 percent, valued at around 2.3 billion yuan
- Projected first-day profit ranges from 200,000 yuan (using 2.76x average new stock gain) to 351,800 yuan (using 4.67x STAR Market average)
- The IPO carries a price-to-earnings ratio of 219.23, significantly above the industry average of 38.56
Why It Matters
The Unitree IPO represents a significant milestone for China's humanoid robotics sector, potentially opening a new investment theme on the A-share market. For Hong Kong investors, the listing could spur interest in related robotics and AI supply chain stocks, with Shoucheng Holdings already positioning itself as a key beneficiary through its 2.3 billion yuan stake and cumulative investments exceeding 20 billion yuan across over 20 robotics companies .
The Unitree IPO represents a significant milestone for China's humanoid robotics sector, potentially opening a new investment theme on the A-share market. For Hong Kong investors, the listing could spur interest in related robotics and AI supply chain stocks, with Shoucheng Holdings already positioning itself as a key beneficiary through its 2.3 billion yuan stake and cumulative investments exceeding 20 billion yuan across over 20 robotics companies .