Retail investors face astronomical odds in Unitree Robotics IPO subscription

Nearly 9.8 million Chinese retail investors competed for just 9.7 million shares in Unitree Robotics' IPO, resulting in an online allocation rate of only 0.018%. This translates to roughly one winning lot for every 5,500 applicants, highlighting extreme demand for the Hangzhou-based robot maker's stock. Early backers are expected to reap significant gains from one of China's most anticipated tech listings.