Unitree Robotics stock drops over 50% one month after IPO

According to a report by Nikkei Asia, the stock price of Chinese startup Unitree Robotics (宇树科技) has fallen more than 50% from its opening price just one month after listing on the Shanghai Stock Exchange. The company's market capitalization at the time of its opening price reached $66 billion. The report notes that as the IPO frenzy cools, investors are re-evaluating the future of humanoid robotics, with retail investors closely monitoring the sector's potential.