Unitree, also referred to in listing materials as Yushu Technology, opened at 1,100 yuan in its Shanghai STAR Market debut, up 629.44% from its 150.80 yuan IPO price, before retreating to around 883.87 yuan and at one point touching a morning-session low of 882 yuan, still leaving the shares up roughly 486%. The Hangzhou-based company raised about 6.1 billion yuan by selling roughly 40.4 million shares, equal to 10% of enlarged share capital, and retail demand exceeded the available allocation by more than 5,500 times. The sharp debut briefly valued mainland China's first listed pure-play humanoid robot maker at 444.9 billion yuan and produced paper returns above 100 times for several early investors, including Dexun Investment, Xiangfeng Investment, Sequoia China and Lei Jun-backed Shunwei Capital, based on calculations from listing materials cited by Kechuangban Daily.