Unitree Robotics IPO Subscription Complete, Founder Voting Control Drops to 65.3%

Unitree Robotics finalizes STAR Market IPO subscription with 22.65M offline and 9.71M online shares. Founder Wang Xingxing's voting control declines from 68.8% to 65.3% post-issuance.

Woofun AI reports that Unitree Robotics has concluded the online and offline subscription and payment procedures for its STAR Market initial public offering. The final allocation comprised 22.650148 million shares via offline subscriptions, representing roughly 70% of the total issued shares after strategic allocations, while online subscriptions accounted for 9.707 million shares, or approximately 30%. Prior to this issuance, actual controller Wang Xingxing directly held 86.714964 million shares, equating to a 34.763% stake. Through special voting rights arrangements, his total voting control stood at 68.7816%, which is projected to decrease to no more than 65.309% following the completion of the offering.