Unitree Robotics ($68836) got absolutely wrecked in less than a month.
Market cap crashed from ¥444.9B peak → ¥217B now. That's a 51% haircut.
Is Chinese robotics dead? No. The valuation bubble just popped.
IPO priced at ¥150.8 = 219x P/E (2025 adjusted). Day 1? Shot to ¥1,100. Market front-ran 5 years of growth in one session.
The real issue: only 7.44% float at launch. Tiny circulation + retail FOMO = parabolic pump into inevitable dump.
Classic case of hype > fundamentals. When float is this thin, price discovery is fake. Now reality sets in.
Market cap crashed from ¥444.9B peak → ¥217B now. That's a 51% haircut.
Is Chinese robotics dead? No. The valuation bubble just popped.
IPO priced at ¥150.8 = 219x P/E (2025 adjusted). Day 1? Shot to ¥1,100. Market front-ran 5 years of growth in one session.
The real issue: only 7.44% float at launch. Tiny circulation + retail FOMO = parabolic pump into inevitable dump.
Classic case of hype > fundamentals. When float is this thin, price discovery is fake. Now reality sets in.
