Swiss Bank Says Unitree's Post-IPO Pullback Shows Market Rationality, Sector Still Early
Bank J. Safra Sarasin, a Swiss private bank, stated that China's humanoid robot industry remains at a very early stage. Given the intense future competition, the high valuation of Unitree Technology at its IPO may not be justified. The subsequent pullback in its stock price indicates that the market is ultimately returning to rationality.