Unitree's Shanghai IPO more than 8,000 times oversubscribed by retail investors

BEIJING/SHANGHAI — Chinese robot maker Unitree said on Monday (Aug 10) its US$900 million (S$1.2 billion) Shanghai initial public offering was more than 8,000 times oversubscribed by retail investors, reflecting investor fever.Unitree, which competes with Tesla and Boston Dynamics, said in a filing that the lot-winning rate for retail investors was roughly 0.018 per cent after clawing back some shares...