About this episode
Chinese robot maker Unitree Robotics on Monday opened subscriptions for its initial public offering (IPO) on the Shanghai Stock Exchange's sci‑tech innovation board, or STAR Market, following a preliminary offline price inquiry that indicated strong investor demand.
中国机器人企业宇树科技周一启动上海证券交易所科创板新股申购，此前开展的初步线下询价显示投资者认购需求旺盛。
The Hangzhou‑based company is offering 40.446434 million shares at 150.80 yuan (about $22) each, representing 10 percent of its post‑offering share capital. The offering is expected to raise about 6.10 billion yuan in gross proceeds.
这家总部位于杭州的企业本次发行 4044.6434 万股，发行价每股 150.80 元人民币（约合 22 美元），占发行后总股本的 10%。本次发行预计募集毛资金约 61.0 亿元。
After invalid bids and the highest‑priced portion of proposed subscriptions were excluded, the remaining proposed offline subscriptions totaled 71.463 billion shares, 2,760.67 times the initial offline offering size before adjustment for strategic placement, according to the issuance announcement.
根据发行公告，剔除无效报价和最高报价部分申购后，剩余线下有效申购总量达 714.63 亿股，为战略配售调整前初始线下发行规模的 2760.67 倍。
According to its prospectus, Unitree mainly develops, produces and sells high‑performance general‑purpose humanoid and quadruped robots, robot components and embodied intelligence models. On its official website, Unitree describes itself as a civilian robotics company with leadership in core robot parts, motion control, robot sensing and other comprehensive fields.
据招股书披露，宇树科技主要研发、生产及销售高性能通用人形机器人、四足机器人、机器人零部件以及具身智能模型。宇树科技在官网中将自身定位为民用机器人企业，在机器人核心零部件、运动控制、机器人感知等综合领域具备行业领先水平。
The prospectus shows that from 2023 to 2025, Unitree sold 33,294 quadruped robots and 5,632 humanoid robots. Its humanoid robot shipments exceeded 5,500 units in 2025, excluding wheeled dual‑arm robots.
招股书显示，2023 至 2025 年间，宇树科技累计销售四足机器人 33294 台、人形机器人 5632 台。2025 年，剔除轮式双臂机器人后，其人形机器人出货量超 5500 台。
China's securities regulator approved Unitree's IPO registration application in a decision dated July 1.
中国证券监管机构于 7 月 1 日作出批复，核准宇树科技首次公开发行股票注册申请。
subscription /səbˈskrɪpʃn/n. 申购；认购
prospectus /prəˈspektəs/n. 招股说明书
quadruped /ˈkwɒdrəped/n. 四足动物；四足机器人
regulator /ˈreɡjuleɪtə(r)/n. 监管机构；监管者
Get every episode summarized
Each time CD Voice publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
