Unitree has raised about $905 million ahead of its Shanghai market debut, with demand for shares exceeding the amount available by more than 8,000 times as China pushes deeper into humanoid robotics.

Long bond yields steadied near multi-decade highs and China's ​humanoid robotics giant Unitree leapt out of the blocks on debut on Wednesday, ‌trading six times above its ‌offer price. The summer's long bond selloff has traders debating what's really behind ⁠it: ⁠brighter prospects for growth, or rising alarm over stubborn inflation and ​the strain of runaway government spending. Later on Wednesday the U.S. adds to its almost $40 trillion debt pile with a $16 billion 20-year note auction and the Federal Reserve ​releases its minutes from last month's meeting. Both are under the spotlight as ⁠investors question ⁠the Fed's ability to ⁠keep ​long-term inflation under control and demand higher compensation for lending to the U.S. ​government. The contrast with China ⁠is stark. As 10-year sovereign futures touched a record high on Tuesday, investor demand for hyperscaler debt showed little sign of cooling, with Alphabet's bond sale down under the latest deal to draw strong interest. Unitree, meanwhile, is ⁠tapping hearty demand for technology exposures with its listing 8,000 times oversubscribed ⁠by retail investors. Simultaneously more than 300 companies are expected at the World Robot Conference in Beijing and are vying to show that robots are not just crowd-pleasing feats of strength and agility, but businesses capable of delivering returns in the real world. Final inflation figures are due in Europe and Britain, and in the latter case the numbers are seen rising to 2.9% from 2.6%, while earnings ⁠at Target, TJX and Lowe's will be in focus in the U.S. following soft retail sales figures last week.

The world’s largest humanoid robot maker by sales is set to list in Shanghai on Wednesday, with the initial public offering already having raised 6.1 billion yuan ($905 million) and more than 8,000 times oversubscribed,

Unitree humanoid robots cost from $4,900 to $100,000 before shipping, taxes and duties. Here's what each model offers and what buyers actually pay.

Earlier this year, I watched a video that caught me entirely by surprise: A clip from the CCTV Spring Festival in China, in which more than a dozen humanoid robots performed an intricate martial-arts routine. They backflipped. They high-kicked. They ...