Beijing, Aug. 11 -- Chinese humanoid robot maker Unitree Robotics has launched its initial public offering (IPO) targeting gross proceeds of around RMB 6.10 billion (USD 904 million). The issue is open for subscription on the Shanghai Stock Exchange's Sci-Tech Innovation Board, said Yu Jing, spokesperson of Chinese Embassy in India.

The Hangzhou-based company is offering around 40.45 million shares at 150.80 yuan (about USD 22) apiece, representing 10% of its post-offering share capital, with the IPO expected to raise around 6.10 billion yuan in gross proceeds, according to the Shanghai Stock Exchange, citing China Daily.

"Chinese robot maker Unitree Robotics launched its IPO subscription on the Shanghai Stock Exchange's sci-tech innova...