Yush Ming Tomorrow (8/19) will officially list on the Shanghai STAR Market. It’s the first humanoid robot stock on the STAR Market, and CNN and the WSJ are both watching this record-breaking IPO today.

Let’s put a few hard data points up front: retail investors’ oversubscription is over 8,000 times. The company priced the deal at an estimated valuation of about $9.0 billion. Before the listing, it also rolled out a “superman” robot, claiming a sprint speed of 12.66 m/s—faster than Bolt—and it can jump 2 meters vertically from a standstill.

Someone on-chain already seems to be running ahead. The UNITREE coin with the same name that appeared on Solana has risen about 195% in the past 24 hours, with trading volume hitting 17.10 million U. However, liquidity is only 176,000 U, with just 2,858 holders. This is a same-name coin riding the hype—not the real Yush Ming team. Don’t mix the two up. Caixin also issued a warning: in the “grey market” for Yush Ming’s new shares, there are bids at three times the price, and private acquisitions are not protected by law.

My take: this humanoid-robot track is indeed hot—Yush Ming and Tesla’s Optimus are both rushing to get their spot. But the real stock won’t open until tomorrow. This on-chain move is more of a sentiment-driven trade; after the spike, it’s already starting to pull back. Chasing in now could easily leave you holding the bag.

$UNITREE #人形机器人 #科创板

On the robot wave, do you back the real Yush Ming, or Tesla’s Optimus?