On its first trading day, Unitree Robotics surged 629.44% at open, with its founder Wang Xingxing's net worth exceeding 130 billion yuan (approximately 78.311 billion ringgit).
Unitree Robotics rang the bell for its listing on the STAR Market of the Shanghai Stock Exchange on Wednesday, with an issue price of 150.8 yuan per share (around 90.84 ringgit). On the first day, it opened sharply higher at 629.44%, trading at 1,100 yuan per share (about 662.63 ringgit), with its intraday market capitalization surpassing 440 billion yuan (approximately 265.052 billion ringgit).
According to the prospectus, Unitree Robotics founder Wang Xingxing directly holds a 21.43% stake and indirectly holds another 9.84% through an employee shareholding platform, totaling 31.29%. Based on this calculation, Wang Xingxing's net worth exceeds 130 billion yuan.