Unitree post-IPO slide ignites bubble concerns
The Chinese robot maker’s shares have retreated more than 45% from their debut peak.
Shares in Chinese robot maker Unitree have retreated more than 45% from their debut peak, inflicting pain on retail investors and prompting bubble fears.
"Investors were carried away by the technology revolution narrative ," a Beijing asset manager told Reuters.
China's newest corporate star , Unitree's founder has downplayed expectations, saying the firm is " lagging behind " in real-world applications.
A flood of new tech shares hitting the market in Hong Kong and Shanghai has worried investors: Alibaba's record share sale, coupled with the massive IPO plans of memory chipmaker YMTC, caused the industry writ large to take a hit on concerns that more Chinese tech firms will follow, "essentially spreading the cost of AI investment across the public and investors ," one analyst said.
Gathered from external sources. Rights to this text belong to whoever originally published it.