Unitree's 8,000x Sellout, Serve Robotics Warns | Aug 14, 2026
Unitree's Shanghai Star Market offering just got oversubscribed more than 8,000 times by retail investors, with trading expected to begin around August 17-21 — Elena and Theo break down what the number does (and doesn't) tell you about the actual business, and bring in Goldman Sachs' new field research showing China's humanoid supply chain is building capacity for up to a million robots a year against confirmed orders from essentially none of the suppliers surveyed. Serve Robotics (SERV) reported 404% revenue growth alongside a full-year guidance cut from $26 million to just $9-10 million…
The skinny
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