RoboticsCNBC Techabout 2 hours ago
Unitree IPO raises $900M amid robot profitability doubts
1 min read
Unitree Robotics priced its IPO at 150.8 yuan ($22.4) per share, raising $900 million and valuing the company at $9 billion. Skeptics question commercial viability as robots struggle with real-world tasks, battery life, and task-specific training. Revenue quadrupled last year, but first-quarter adjusted profit fell over 52%.
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