
CXMT shares surge 466% in blockbuster STAR Market debut
The closing price was only 1% below the opening level, with the stock trading at elevated levels throughout the session.

The closing price was only 1% below the opening level, with the stock trading at elevated levels throughout the session.

Based on the proposed fundraising and offering structure, the IPO implies a minimum post-listing valuation of about 42 billion yuan for Unitree.

It supplies leading Apple contract manufacturers, including Luxshare Precision and Foxconn.

Market analysts say it typically takes another two to three weeks from registration approval to listing, placing Unitree’s potential debut in early July.

If Neuracle reaches the STAR Market first, the company could establish the first public-market valuation benchmark for China’s domestic BCI industry.
__1-600x400.jpg)
The park said it hosts 74 listed companies, with several of them having crossed the 100-billion-yuan market-cap level.

The announcement, published by the Shanghai Stock Exchange on May 25, marks the latest step in Unitree’s push toward an A-share listing.

Founded in 2014, the company was among the first domestic firms to receive a phased-array weather radar operating license from the China Meteorological Administration.

The filing comes as China’s quadruped robotics sector enters a more competitive capital-markets phase.

The progress makes it the latest among the so-called “Hangzhou Six Dragons” to move toward public markets.