đš BREAKING đš Chinese robotics company Unitree surged 629% in its Shanghai stock market debut, reaching a valuation of nearly $66 billion.
đ€ 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.
đ 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.
đ° 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.
đ„ 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
đ€ 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.
đ 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.
đ° 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.
đ„ 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