Unitree Tech Details STAR Market IPO Pricing and Subscription Schedule

Unitree Technology, a prominent player in the robotics field, has reached a pivotal stage in its journey to list on the STAR Market. The company has officially released key details of its initial public offering, providing clear guidance for potential investors.

Key Offering Figures

According to the announcement, Unitree Tech has set its IPO price at ¥150.80 per share. The company plans to issue approximately 40.45 million new shares, representing about 10% of its total share capital post-offering. This issuance is expected to raise gross proceeds of around ¥6.099 billion, with net proceeds amounting to roughly ¥5.917 billion after deducting offering expenses.

A notable figure is the price-to-earnings (P/E) ratio. The offering's P/E ratio stands at 219.23 times, significantly higher than the industry average of approximately 38.56 times. This disparity underscores market expectations for the company's high growth potential.

Strategic Placement Attracts Major Investors

Prior to the public offering, a portion of the shares was allocated through a strategic placement. This segment accounted for about 8.09 million shares and attracted several heavyweight institutional investors, forming an impressive lineup:

  • National Social Security Fund (NSSF): Its participation, representing long-term value investment, signals confidence in the company's fundamental prospects.
  • DeepSeek: The involvement of this well-known investment firm adds professional endorsement to the offering.
  • China National Petroleum Corporation (CNPC): The participation of this industrial capital suggests potential for future collaboration in specific application scenarios, such as energy and inspection fields.

Online Subscription Timeline

For retail and institutional investors, the primary channel to participate is through online subscription. The critical dates are as follows:

Online Subscription Date: August 10, 2024 (Saturday). Investors must complete their subscription orders during the trading hours on this day.

Payment Date: August 12, 2024 (Monday). Investors who receive share allocations must ensure sufficient funds are available in their accounts on this day to complete the payment. Failure to do so will be considered a forfeiture of the allocation.

Starting with quadruped robots, Unitree Tech has expanded its product line to include general-purpose humanoid robots, positioning itself as a frontier technology firm closely watched by the capital markets. The IPO proceeds are intended to fund next-generation R&D, production base construction, and working capital, providing strong momentum for its next phase of growth.