Source: Tech – South China Morning PostUnitree Robotics’ Shanghai initial public offering (IPO) was more than 5,500 times oversubscribed by retail investors as optimism about fast stock gains and Chinese robot demand outweighed concerns about a US import ban.
The 6.1 billion yuan (US$900 million) share sale drew 9.8 million orders from individual investors, the robot maker said in a statement on Monday. Just 0.018 per cent of orders will be fulfilled, even after the Hangzhou-based company boosted the number of retail shares by half…Read More