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Unitree to launch IPO next week as US-China robotics rivalry intensifies
Unitree Robotics will launch its initial public offering (IPO) in Shanghai next week, the firm announced late on Thursday, as China’s robotics start-ups race to go public amid an intense rivalry with their counterparts in the United States. The Hangzhou-based company plans to sell 40.45 million shares, or 10 per cent of its enlarged share capital. It is another closely watched debut on Shanghai’s Star Market, following the recent listing of ChangXin Memory Technologies (CXMT), whose market...
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