How much did Unitree Robotics stock surge on its IPO day?
Unitree shares briefly surged as much as 629% above the IPO price on their trading debut, opening around 1,100 yuan and giving the company a peak market capitalization of about 445 billion yuan, roughly 66 billion dollars. The stock then pulled back to close at 845 yuan, a 460% first-day gain.
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Unitree Robotics IPO'd and Its Stock Surged 629% — Then Reality Showed UpUnitree Robotics debuted on Shanghai's STAR Market, briefly hitting a 66 billion dollar valuation before settling at a still-massive 460% first-day gain.
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