Unitree’s 45% Stock Drop Raises Bubble Concerns in China’s IPO Market

Shares of Chinese humanoid robot maker Unitree plummeted approximately 45% following its Shanghai debut, sparking worries about speculative excess and weaknesses in China’s initial public offering system. Unitree, a major producer of quadruped and humanoid robots globally, initially surged over fivefold on its first day of trading on the Shanghai Stock Exchange, briefly reaching a valuation of around $66 billion before losing about $30 billion in market value during subsequent trading.…

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