Chinese robot maker Unitree to debut on Shanghai market Wednesday

BEIJING -- Chinese robot maker Unitree Robotics will make its debut on the Shanghai Stock Exchange's sci-tech innovation board, or STAR Market, on Wednesday, the company said in an announcement filed with the bourse on Monday.

The Hangzhou-based company will be listed at an offering price of 150.8 yuan (about $22.2) per share, giving the company an estimated market capitalization of about 60.993 billion yuan following its initial public offering, according to the announcement.