🇨🇳Unitree Robotics (宇树科技) priced its STAR Market IPO at 150.80 yuan per share, implying an approximately 61 billion yuan valuation.

Unitree Robotics (宇树科技) held its online roadshow for its Shanghai Stock Exchange Science and Technology Innovation Board, or STAR Market, initial public offering on Aug. 7. The offering price was set at 150.80 yuan per share.

At that issue price, the robotics company’s indicated market capitalization was approximately 61 billion yuan. The source describes the IPO as one of two major recent STAR Market offerings with substantial participation from insurance capital.

The report also noted that Unitree Robotics and ChangXin Memory Technologies had both attracted insurance-sector investment before their public offerings. It did not provide Unitree’s offered share count, gross proceeds, cornerstone allocations, or post-offering dilution.