UBTech Robotics lists on the STAR Market, founder's wealth exceeds 18.3 billion CNY

Huo Xing Finance reports that Yushu Technology disclosed its Sci-Tech Board offering announcement on August 6, setting the issue price at RMB 150.80 per share, with a total issuance of 40.4464 million shares, accounting for 10% of the post-offering total share capital. The total fundraising amount is approximately RMB 6.099 billion, corresponding to a market capitalization of about RMB 60.99 billion. Founder Wang Xingxing holds a direct and indirect combined stake of 33.36%, equivalent to a personal wealth of approximately RMB 18.312 billion—a significant increase from RMB 6.69 billion when he appeared on the New Fortune Wealth Creation List in 2025. The company has established two employee asset management plans to participate in the strategic placement, collectively allocated 1.8004 million shares, covering 171 core employees. Plan No. 1 covers 161 mid-level key personnel, while Plan No. 2 covers 10 senior managers and core technology leaders, with a lock-up period of up to 36 months. Nine strategic investors collectively received 8.0893 million shares, accounting for 20% of the total issuance. DeepSeek was allocated 933,400 shares, Shanghai Qishan Investment, a subsidiary of Tencent, received 903,300 shares, and major state-owned enterprises in energy and telecommunications—including PetroChina, China Southern Power Grid, and Tianyi Capital—also participated simultaneously. Online and offline subscription will commence on August 10.