AIFortuneabout 3 hours ago
Unitree IPO Outshines Shein Despite Smaller Raise
5 min read
Unitree's Shanghai IPO targets $904 million at a $9 billion valuation, with retail demand over 8,000 times oversubscribed. Shein's Hong Kong IPO seeks up to $3 billion at a $25-30 billion valuation, down from $64 billion in 2024. Investor appetite favors AI and robotics over e-commerce.
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