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Unitree Robotics' SSE STAR Mkt IPO Passes Review
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Yushu Technology (Unitree Robotics)'s IPO on the STAR Market passed the review of the Listing Committee of the Shanghai Stock Exchange (SSE) yesterday (June 1). As a global leader in humanoid robotics, Yushu Technology took just over 70 days from its IPO application being accepted on March 20 to passing the listing hearing on June 1. Yushu Technology is an internationally leading high-performance general-purpose robotics company, focusing on the research and development, production and sales of high-performance general-purpose humanoid robots, quadruped robots, robotic components and embodied intelligence models. The company was the first in the world to achieve commercial sales and industry deployment of high-performance quadruped robots. According to the prospectus, Yushu Technology Chairman Wang Xingxing directly holds 23.82% of the shares of the company. MEITUAN-W (03690.HK)-related entities hold a 9.65% stake, while HongShan holds 7.11%. Shunwei Capital, under XIAOMI-W (01810.HK) Chairman Lei Jun, holds 4.42%. In addition, TENCENT (00700.HK) holds 0.60% through Tencent Technology (Shanghai) Co., Ltd.; BABA-W (09988.HK) holds 0.45% through Hangzhou Haoyue Enterprise Management Co., Ltd.; and Ant Group holds 0.22% through Shanghai Yunyu Enterprise Management Consulting Co., Ltd. Yushu Technology plans to raise RMB4.202 billion in this IPO. The proceeds will be used for projects including intelligent robot model development, robot body development, new intelligent robot product development and the construction of an intelligent robot manufacturing base. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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