🚨 BREAKING 🚨 Chinese robotics company Unitree surged 629% in its Shanghai stock market debut, reaching a valuation of nearly $66 billion.
🤖 Crypto traders on Hyperliquid had already priced Unitree at around $38 billion before trading began, but the actual market valuation opened 75% higher than their expectations.
📈 Unitree's IPO was originally priced at 150.8 yuan per share (about $9 billion valuation), while the stock opened at 1,100 yuan per share.
💰 The UNITREE-USDC perpetual contract jumped nearly 20% in 24 hours, with trading volume reaching $64 million.
⚡ The event highlights the growing role of crypto-based pre-IPO markets in price discovery, while also showing their limitations when compared with real stock market demand.
🔥 The IPO became one of the strongest signals yet of rising investor enthusiasm for AI and humanoid robotics, one of the fastest-growing technology sectors in China.
$BTC
#IPO
🤖 Crypto traders on Hyperliquid had already priced Unitree at around $38 billion before trading began, but the actual market valuation opened 75% higher than their expectations.
📈 Unitree's IPO was originally priced at 150.8 yuan per share (about $9 billion valuation), while the stock opened at 1,100 yuan per share.
💰 The UNITREE-USDC perpetual contract jumped nearly 20% in 24 hours, with trading volume reaching $64 million.
⚡ The event highlights the growing role of crypto-based pre-IPO markets in price discovery, while also showing their limitations when compared with real stock market demand.
🔥 The IPO became one of the strongest signals yet of rising investor enthusiasm for AI and humanoid robotics, one of the fastest-growing technology sectors in China.
$BTC
#IPO