Unitree Robotics Sets IPO Price at 150.80 Yuan per Share

Unitree Robotics has officially set its initial public offering (IPO) price at 150.80 yuan per share, according to a company announcement. The price was determined after thorough consultation between the issuer and the lead underwriter, based on preliminary book-building results and a comprehensive assessment of the company's intrinsic value, valuation levels of comparable listed companies, and secondary market conditions.

Notably, the institutional placement will not undergo further cumulative bidding inquiry, simplifying the process. This pricing reflects strong investor interest, as evidenced by effective subscription multiples from offline investors, alongside considerations of market conditions, fundraising needs, and underwriting risks. The move marks a significant step for the robotics firm as it prepares to list on the stock exchange.