NextFin News — Shares of Unitree Robotics fell below 500 yuan in morning trading on Sept. 10, marking a new low since the company’s STAR Market debut and bringing its market value to about 202 billion yuan.
The stock was quoted around 499.97 yuan at the time of reports, down more than 2.7%. That compares with an intraday peak of 1,100 yuan on its Aug. 19 listing day, when the market capitalization briefly reached about 445 billion yuan. The decline from the peak has erased more than 240 billion yuan in market value.
Unitree listed at an issue price of 150.80 yuan and closed its first day at 845 yuan. The stock has retreated steadily since the debut as investors reassess valuations in the humanoid robotics sector.
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