DeepSeek Secures Strategic Allocation! Unitree Technology Priced at RMB 150.8 per Share, Market Cap Reaches ~CNY 60.9 Billion at Listing

Unitree Technology announced on Thursday (6th) a public offering (IPO) and listing announcement on the STAR Market of the A-shares. The offering price is set at RMB 150.8 per share (RMB, same below), with an estimated market capitalization of approximately CNY 60.993 billion at listing. Investors will need to pay RMB 75,400 for one lot (500 shares).

According to the announcement, Unitree Technology is issuing 40.446434 million shares, representing 10% of the total shares post-issuance. The price-to-earnings (P/E) ratio stands at 219.23 times, significantly higher than the industry average of 38.56 times. The company expects to raise approximately CNY 6.099 billion in gross proceeds, with net proceeds of around CNY 5.917 billion.

Unitree Technology has disclosed its list of strategic placement investors, including Hangzhou AI Fundamental Technology Research Co., Ltd. (DeepSeek) and Shanghai Qishan Investment Co., Ltd., a subsidiary of Tencent, selected as "large enterprises or their affiliates with strategic cooperation or long-term collaboration vision in business operations with the issuer."

Other strategic placement investors include CNPC Kunlun Capital Co., Ltd., China Southern Power Grid Industry-Finance Holding Group Co., Ltd., and China Telecom Capital Holding Co., Ltd.

The announcement states that the strategic investors possess the conditions for deep R&D collaboration with the issuer. By introducing leading enterprises in large AI model technologies, the focus will be on joint R&D and product development in AI large models and embodied intelligence technologies. This aims to integrate both parties' technological strengths to enhance embodied intelligent robots' understanding and generalization capabilities in complex scenarios, jointly advancing the development of AGI (Artificial General Intelligence) technologies.