Unitree Robotics' online IPO new share subscription has an allotment rate of only 0.03%; holding over 16 million yuan in relevant positions is roughly required to secure one lot.
1 hours ago
Estimated in line with Shanghai Stock Exchange (SSE) STAR Market conventions, the online subscription winning rate for Unitree Technology’s August 10 initial public offering (IPO) is likely around 0.03%, roughly one-tenth of the rate for previously hot stock Changxin Technology, which had a 0.47% winning rate. Of the approximately 40.4464 million shares planned for public offering, only about 6.47 million will be allocated to the initial online subscription tranche. Per the rule that one subscription lot is assigned for every RMB 5,000 in SSE market value, investors holding over RMB 16 million in SSE positions would roughly need that amount to secure one winning lot. Unitree founder Wang Xingxing holds a 31.29% stake. External shareholders include Meituan-affiliated entities (9.65%), Sequoia China (7.11%), Matrix Partners China (5.45%), Xiaomi-backed Shunwei Capital (4.425%), CITIC Securities (4.49%), Alibaba, Tencent, and ByteDance, which hold stakes of 0.673%, 0.596%, and 0.596% respectively. Beijing Robot Industry Development Investment Fund holds 3.83%, Shenzhen Venture Capital-related entities hold around 2.55%, and China Internet Investment Fund holds 2.11%. Unitree posted 1.699 billion yuan in revenue and 591 million yuan in non-recurring net profit for 2025.
Unitree Robotics' estimated profit per successful IPO subscription is nearly 200,000 yuan, with IPO subscription opening on August 10.
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