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Payward, Kraken’s parent, delays its U.S. IPO to Q2 2027 at the earliest, signaling ongoing headwinds for crypto listings. After confidentially filing last November, IPO plans have been paused amid difficult market conditions. What this means for liquidity and investor sentiment in crypto remains to be seen. $BTC #CryptoNews #IPO #Kraken
Kraken’s IPO has been pushed back again.
Its parent company, Payward, has most recently said that the IPO timeline will be delayed to no earlier than the second quarter of 2027. Last November, it quietly filed for an IPO with U.S. regulators. After that, amid challenging market conditions, it was put on hold for a time—now it’s been postponed again.
This is already the nth episode of the Kraken IPO rumor. From “it’ll go up this year” to “maybe next year” and now “see you in 2027,” the listing window for the industry’s leading exchange appears to be much narrower than anyone expected.
What’s interesting is that the broader environment doesn’t look too bad: Bitcoin rose 25% in August, and ETFs logged their best month of the year. But the primary market is clearly more cautious—or, more precisely, uncertainty around regulation and compliance has made the “exchange story” less easy to sell in the secondary market.
Even top players are waiting for a more stable window. For other crypto firms in the queue, they’ll probably need even more patience. #Kraken #IPO #cryptomarket
Its parent company, Payward, has most recently said that the IPO timeline will be delayed to no earlier than the second quarter of 2027. Last November, it quietly filed for an IPO with U.S. regulators. After that, amid challenging market conditions, it was put on hold for a time—now it’s been postponed again.
This is already the nth episode of the Kraken IPO rumor. From “it’ll go up this year” to “maybe next year” and now “see you in 2027,” the listing window for the industry’s leading exchange appears to be much narrower than anyone expected.
What’s interesting is that the broader environment doesn’t look too bad: Bitcoin rose 25% in August, and ETFs logged their best month of the year. But the primary market is clearly more cautious—or, more precisely, uncertainty around regulation and compliance has made the “exchange story” less easy to sell in the secondary market.
Even top players are waiting for a more stable window. For other crypto firms in the queue, they’ll probably need even more patience. #Kraken #IPO #cryptomarket
Kraken’s IPO plans are taking a long time to materialize.
The parent company, Payward, decided to postpone its initial public offering.
Now, the estimated date is the second quarter of 2027 at the earliest.
They had already paused the process last year due to market conditions.
It’s interesting to see how they adjust their timing in such a volatile environment.
Do you think this is the right decision for the exchange?
$BTC #Kraken #IPO
The parent company, Payward, decided to postpone its initial public offering.
Now, the estimated date is the second quarter of 2027 at the earliest.
They had already paused the process last year due to market conditions.
It’s interesting to see how they adjust their timing in such a volatile environment.
Do you think this is the right decision for the exchange?
$BTC #Kraken #IPO
A company that has not yet truly brought any data center online is sitting on backlog orders totaling as much as $439 billion—this could be the most outrageous IPO of the year.
SoftBank-backed SB Energy has officially filed to go public in the United States. The stock ticker is SBE, with a target listing sometime before the end of September. It plans to raise between $5 billion and $7 billion, valuing the company at around $50 billion. The company’s backlog is about $439 billion, including $430 billion from data center lease agreements and $10 billion from power projects.
The problem is that this $439 billion backlog is measured against revenue of just $138.7 million in the first half of the year, along with a net loss of as much as $3.21 billion. Of that loss, $2.57 billion comes from a non-cash expense caused by the remeasurement of stock warrants—not actual cash burned—yet the scale is still staggering. More importantly, the company explicitly admits in its filing, in black and white, that none of its data centers are currently officially operational, and that it is “substantially highly dependent on OpenAI.” This is listed by the company as a risk factor, not something speculated by outsiders.
The company’s business model is straightforward—build data centers and power plants, then lease them to customers such as OpenAI and SoftBank. Nvidia has already committed to invest $1.5 billion at the IPO price. OpenAI holds stock warrants worth about $5.5 billion. This aligns directly with the earlier deal in which Nvidia provided a financing guarantee of up to $105 billion for an Ohio data center for OpenAI—SB Energy is the developer responsible for building that data center.
In a sense, this IPO is testing how much the capital markets are willing to pay upfront for “future AI power cash flows.” The backlog is more than 3,100 times six months of revenue; the figure gives investors enormous room for imagination. But it also signals an equally massive execution gap—the theoretical visibility of the orders versus whether the company can actually build the infrastructure, lease it out, and collect rent. There’s still a long road ahead.
After SoftBank goes public, it will still be the controlling shareholder. Under Nasdaq rules, it will be classified as a controlled company. That means the company’s governance structure will leave relatively limited voice for external shareholders.
A company that hasn’t built any data centers yet is charging up a $50 billion valuation based on $439 billion in paper orders—do you see this as the boldest capital-market bet yet in the AI infrastructure boom, or is it another warning sign of the huge gap between “orders” and “cash flows”?
$SBE $NVDA $OPENAI #AI供應鏈 #電力基建 #IPO
SoftBank-backed SB Energy has officially filed to go public in the United States. The stock ticker is SBE, with a target listing sometime before the end of September. It plans to raise between $5 billion and $7 billion, valuing the company at around $50 billion. The company’s backlog is about $439 billion, including $430 billion from data center lease agreements and $10 billion from power projects.
The problem is that this $439 billion backlog is measured against revenue of just $138.7 million in the first half of the year, along with a net loss of as much as $3.21 billion. Of that loss, $2.57 billion comes from a non-cash expense caused by the remeasurement of stock warrants—not actual cash burned—yet the scale is still staggering. More importantly, the company explicitly admits in its filing, in black and white, that none of its data centers are currently officially operational, and that it is “substantially highly dependent on OpenAI.” This is listed by the company as a risk factor, not something speculated by outsiders.
The company’s business model is straightforward—build data centers and power plants, then lease them to customers such as OpenAI and SoftBank. Nvidia has already committed to invest $1.5 billion at the IPO price. OpenAI holds stock warrants worth about $5.5 billion. This aligns directly with the earlier deal in which Nvidia provided a financing guarantee of up to $105 billion for an Ohio data center for OpenAI—SB Energy is the developer responsible for building that data center.
In a sense, this IPO is testing how much the capital markets are willing to pay upfront for “future AI power cash flows.” The backlog is more than 3,100 times six months of revenue; the figure gives investors enormous room for imagination. But it also signals an equally massive execution gap—the theoretical visibility of the orders versus whether the company can actually build the infrastructure, lease it out, and collect rent. There’s still a long road ahead.
After SoftBank goes public, it will still be the controlling shareholder. Under Nasdaq rules, it will be classified as a controlled company. That means the company’s governance structure will leave relatively limited voice for external shareholders.
A company that hasn’t built any data centers yet is charging up a $50 billion valuation based on $439 billion in paper orders—do you see this as the boldest capital-market bet yet in the AI infrastructure boom, or is it another warning sign of the huge gap between “orders” and “cash flows”?
$SBE $NVDA $OPENAI #AI供應鏈 #電力基建 #IPO
【Cross-border payments powerhouse calls out IPO! Earning $1B+ a year, but says not so fast 💰🚀】
📲 加入X先生的粉丝群聊
A cross-border payments unicorn has finally loosened up
Airwallex CEO Wenwan Liu has spoken out
By the end of 2026, be IPO-ready 💼
This company isn’t small
Annualized revenue has already surpassed $1 billion
Built on cross-border receiving and payment
Many international trade bosses worldwide are using it 💸
But pay attention to this term: IPO-ready
It doesn’t mean “I want to go public”
It means “I’m ready to go public”
What’s in between is timing 🧐
A couple of years ago it was still saying it would list in the US in 2026
Now it’s changed its tune—first make all the preparations
Regulatory reviews and market volatility have to wait
In fintech, going public isn’t something you can just decide to do 📉
While delaying the IPO, it hasn’t been idle
It has just announced a major move into the stablecoin business
Payments company + stablecoins
This combo—take a closer look 👀
📌 The cross-border payments giant earning $1B a year calls itself IPO-ready; whether it truly goes public still depends on the market’s mood
Do you think it can really IPO by the end of the year? Chat in the comments👇
#稳定币 #IPO #支付 #Fintech
📲 加入X先生的粉丝群聊
A cross-border payments unicorn has finally loosened up
Airwallex CEO Wenwan Liu has spoken out
By the end of 2026, be IPO-ready 💼
This company isn’t small
Annualized revenue has already surpassed $1 billion
Built on cross-border receiving and payment
Many international trade bosses worldwide are using it 💸
But pay attention to this term: IPO-ready
It doesn’t mean “I want to go public”
It means “I’m ready to go public”
What’s in between is timing 🧐
A couple of years ago it was still saying it would list in the US in 2026
Now it’s changed its tune—first make all the preparations
Regulatory reviews and market volatility have to wait
In fintech, going public isn’t something you can just decide to do 📉
While delaying the IPO, it hasn’t been idle
It has just announced a major move into the stablecoin business
Payments company + stablecoins
This combo—take a closer look 👀
📌 The cross-border payments giant earning $1B a year calls itself IPO-ready; whether it truly goes public still depends on the market’s mood
Do you think it can really IPO by the end of the year? Chat in the comments👇
#稳定币 #IPO #支付 #Fintech
Verified
Shein's reported Hong Kong IPO pricing is another major market signal.
An IPO around HK$48.56 puts attention back on Hong Kong's ability to attract large global listings.
The bigger question isn't only the launch price—it is whether investor demand can support strong post-listing performance.
#Shein #HongKong #IPO
$XRP
$SEI
$TRUMP
#SheinReportedlySetsHKIPOPriceAboutHK$48.56
An IPO around HK$48.56 puts attention back on Hong Kong's ability to attract large global listings.
The bigger question isn't only the launch price—it is whether investor demand can support strong post-listing performance.
#Shein #HongKong #IPO
$XRP
$SEI
$TRUMP
#SheinReportedlySetsHKIPOPriceAboutHK$48.56
🚨 ANTHROPIC IPO: THE $2 TRILLION AI BET?
Anthropic, the company behind Claude, could be heading toward one of the biggest IPOs ever.
📊 Reported investor expectations:
• 💰 Potential valuation: $2T+
• 📅 Possible listing: October 2026
• 🚀 Revenue run-rate: reportedly around $65B
• 🎯 2028 revenue target: $190–200B
• ⚡ New compute deal: $45B over 6 years
The bigger story? Anthropic reportedly sees a $30T+ potential market opportunity for AI.
But here’s the question 👇
Is Anthropic actually worth $2T — or is the AI market getting ahead of itself?
If this IPO launches, it could become a major test for the entire AI sector… and potentially influence the AI + crypto narrative too. 👀
🔥 Bullish on AI?
🐻 Or is this peak AI hype?
#Anthropic #Claude2 #IPO #AI
Anthropic, the company behind Claude, could be heading toward one of the biggest IPOs ever.
📊 Reported investor expectations:
• 💰 Potential valuation: $2T+
• 📅 Possible listing: October 2026
• 🚀 Revenue run-rate: reportedly around $65B
• 🎯 2028 revenue target: $190–200B
• ⚡ New compute deal: $45B over 6 years
The bigger story? Anthropic reportedly sees a $30T+ potential market opportunity for AI.
But here’s the question 👇
Is Anthropic actually worth $2T — or is the AI market getting ahead of itself?
If this IPO launches, it could become a major test for the entire AI sector… and potentially influence the AI + crypto narrative too. 👀
🔥 Bullish on AI?
🐻 Or is this peak AI hype?
#Anthropic #Claude2 #IPO #AI
Anthropic is set to reveal a potential market size of over $300 billion, targeting a $200 billion IPO valuation
According to The Wall Street Journal, AI company Anthropic is preparing its IPO filing. The company plans to show investors a potential market size (TAM) of more than $300 billion, surpassing SpaceX’s previous market estimate of $285 billion.
TAM represents the total revenue opportunity in all markets that, in theory, a business can reach. When calculating this figure, Anthropic includes every work scenario that its AI models could take on, using this to explain the long-term growth imagination for the AI industry to the capital markets.
Previously, in its IPO materials, SpaceX described its own TAM as “the largest addressable market in human history,” with $265 billion coming from AI-related business opportunities.
On performance, Anthropic’s second-quarter revenue surpassed $11.6 billion, up from $787 million in the same period last year—about a 14-fold year-over-year increase—showing a notably rapid pace of business expansion.
According to its market plan, Anthropic’s IPO this time aims to raise up to $100 billion, targeting a valuation of about $200 billion, which would exceed SpaceX’s valuation at the time of listing by $17.7 billion.
The company has now entered the final sprint toward its IPO. It is expected that within the coming weeks it will disclose financial documents such as the prospectus, with the earliest possible listing as early as the beginning of September or October.
Over the next few weeks, as the filing documents are made public, investors will have a clearer view of how the company plans to turn this theoretical market size into a verifiable path to commercial growth—something that will ultimately determine whether it can truly support its $200 billion target valuation.
#Anthropic #IPO
According to The Wall Street Journal, AI company Anthropic is preparing its IPO filing. The company plans to show investors a potential market size (TAM) of more than $300 billion, surpassing SpaceX’s previous market estimate of $285 billion.
TAM represents the total revenue opportunity in all markets that, in theory, a business can reach. When calculating this figure, Anthropic includes every work scenario that its AI models could take on, using this to explain the long-term growth imagination for the AI industry to the capital markets.
Previously, in its IPO materials, SpaceX described its own TAM as “the largest addressable market in human history,” with $265 billion coming from AI-related business opportunities.
On performance, Anthropic’s second-quarter revenue surpassed $11.6 billion, up from $787 million in the same period last year—about a 14-fold year-over-year increase—showing a notably rapid pace of business expansion.
According to its market plan, Anthropic’s IPO this time aims to raise up to $100 billion, targeting a valuation of about $200 billion, which would exceed SpaceX’s valuation at the time of listing by $17.7 billion.
The company has now entered the final sprint toward its IPO. It is expected that within the coming weeks it will disclose financial documents such as the prospectus, with the earliest possible listing as early as the beginning of September or October.
Over the next few weeks, as the filing documents are made public, investors will have a clearer view of how the company plans to turn this theoretical market size into a verifiable path to commercial growth—something that will ultimately determine whether it can truly support its $200 billion target valuation.
#Anthropic #IPO
#anthropicipocouldtopspacexrecordreportssay
🔥 AI companies have officially entered the “numbers don’t look real anymore” phase. 🤯
Anthropic is reportedly eyeing an IPO that could value the company at over $2 trillion.
Enough to challenge the SpaceX record.
Sounds insane?
Look at the growth.
📈 Q2 revenue reportedly topped $11.5B, up from $4.73B in Q1.
🚀 Annualized revenue reportedly reached $65B by July.
💰 Its latest private round valued Anthropic at around $965B.
But then comes the awkward part. 👀
💥 Anthropic reportedly lost nearly $42B in 2025.
That’s the real AI paradox.
Revenue is exploding.
Valuation is exploding.
But so are the costs of compute, infrastructure, and the race to build more powerful models.
So why would investors still chase a $2T IPO?
Because they may not be buying today's profits.
They're buying the possibility that Claude becomes critical infrastructure for the AI economy tomorrow.
And here's the reality check:
The $2T valuation and IPO timeline are still reported expectations — not officially confirmed terms.
Plus, SpaceX already showed that even a record-breaking IPO doesn't guarantee instant gains for public investors.
Then comes another twist:
If Anthropic reaches public markets before OpenAI, the AI war could move from model benchmarks…
to quarterly earnings. 👀
Square Insight: The biggest question isn't whether AI can grow fast. It's whether growth can eventually outrun the cost of intelligence.
Would you buy Anthropic at a $2 trillion valuation?
#Aİ #IPO #Anthropic
$NVDA
$MSFT
$AMZN
🔥 AI companies have officially entered the “numbers don’t look real anymore” phase. 🤯
Anthropic is reportedly eyeing an IPO that could value the company at over $2 trillion.
Enough to challenge the SpaceX record.
Sounds insane?
Look at the growth.
📈 Q2 revenue reportedly topped $11.5B, up from $4.73B in Q1.
🚀 Annualized revenue reportedly reached $65B by July.
💰 Its latest private round valued Anthropic at around $965B.
But then comes the awkward part. 👀
💥 Anthropic reportedly lost nearly $42B in 2025.
That’s the real AI paradox.
Revenue is exploding.
Valuation is exploding.
But so are the costs of compute, infrastructure, and the race to build more powerful models.
So why would investors still chase a $2T IPO?
Because they may not be buying today's profits.
They're buying the possibility that Claude becomes critical infrastructure for the AI economy tomorrow.
And here's the reality check:
The $2T valuation and IPO timeline are still reported expectations — not officially confirmed terms.
Plus, SpaceX already showed that even a record-breaking IPO doesn't guarantee instant gains for public investors.
Then comes another twist:
If Anthropic reaches public markets before OpenAI, the AI war could move from model benchmarks…
to quarterly earnings. 👀
Square Insight: The biggest question isn't whether AI can grow fast. It's whether growth can eventually outrun the cost of intelligence.
Would you buy Anthropic at a $2 trillion valuation?
#Aİ #IPO #Anthropic
$NVDA
$MSFT
$AMZN
#anthropicipocouldtopspacexrecordreportssay
🚨 ANTHROPIC IPO COULD BREAK RECORDS! 🤖📈
Reports suggest Anthropic could target an IPO valuation large enough to challenge or surpass SpaceX’s record-setting offering. But retail traders may have limited access before the actual listing.
🎯 TRADING VIEW: BUY 📈
Don’t FOMO into private-market hype. Keep capital ready and look for the actual public-market launch and a confirmed entry setup.
❓ Would you buy Anthropic after it goes public? "CLICK ON THE BELOW YELLOW COIN TAG TO GO TO DESIRED TRADING PAGE TO GET BENEFIT TRADE"$ANTHROPIC $BTC
#Anthropic #IPO
🚨 ANTHROPIC IPO COULD BREAK RECORDS! 🤖📈
Reports suggest Anthropic could target an IPO valuation large enough to challenge or surpass SpaceX’s record-setting offering. But retail traders may have limited access before the actual listing.
🎯 TRADING VIEW: BUY 📈
Don’t FOMO into private-market hype. Keep capital ready and look for the actual public-market launch and a confirmed entry setup.
❓ Would you buy Anthropic after it goes public? "CLICK ON THE BELOW YELLOW COIN TAG TO GO TO DESIRED TRADING PAGE TO GET BENEFIT TRADE"$ANTHROPIC $BTC
#Anthropic #IPO
#anthropicipocouldtopspacexrecordreportssay 🚀
Remember the reports: «Anthropic» could surpass the IPO record of «SpaceX»! And as the old saying goes in the world of crypto: «Today’s peak is tomorrow’s bottom.» 📈 Anyone can break records, but the real question is: can a small retail trader like me buy shares before the IPO? 🥹
Most likely not. The big whales’ fangs reach into the pre-IPO allocation, while we get the scraps. What does the retail trader do? Simply: don’t succumb to FOMO (fear of missing out). Save your stablecoins, organize your portfolio, and wait for the market’s actual launch. Peak or bottom—we’re riding the waves either way! 🌊
⚠️ Not financial advice (NFA).
Please follow up
#ClaudeAI #IPO #Anthropic
$BTC
Remember the reports: «Anthropic» could surpass the IPO record of «SpaceX»! And as the old saying goes in the world of crypto: «Today’s peak is tomorrow’s bottom.» 📈 Anyone can break records, but the real question is: can a small retail trader like me buy shares before the IPO? 🥹
Most likely not. The big whales’ fangs reach into the pre-IPO allocation, while we get the scraps. What does the retail trader do? Simply: don’t succumb to FOMO (fear of missing out). Save your stablecoins, organize your portfolio, and wait for the market’s actual launch. Peak or bottom—we’re riding the waves either way! 🌊
⚠️ Not financial advice (NFA).
Please follow up
#ClaudeAI #IPO #Anthropic
$BTC
🚨 BIG AI NEWS:
Anthropic is reportedly eyeing an IPO that could become one of the biggest public offerings ever.
If the company raises around or above SpaceX’s reported $86.2B offering, it would be a massive milestone for the AI industry and show just how strong investor demand for leading AI companies has become.
The AI race is clearly moving into a new phase. 👀📈
#Anthropic #Aİ #IPO #Crypto #Binance
Anthropic is reportedly eyeing an IPO that could become one of the biggest public offerings ever.
If the company raises around or above SpaceX’s reported $86.2B offering, it would be a massive milestone for the AI industry and show just how strong investor demand for leading AI companies has become.
The AI race is clearly moving into a new phase. 👀📈
#Anthropic #Aİ #IPO #Crypto #Binance
Anthropic prepares for an event that could shake the IPO market!
Anthropic, the company developing Claude, may file for a publicly announced IPO as soon as the end of August, with an ambition to match or even surpass the record achieved by SpaceX.
The company had already submitted a confidential filing for the offering, while recent reports point to very strong revenue growth and potential valuations exceeding $2 trillion.
If the deal is sized this big, it could be one of the biggest tests of investor appetite for the AI sector, and it may open the door to a new wave of AI IPOs.
Are we looking at the biggest tech offering in history?
#Anthropic #AI #IPO
#crypto
Anthropic, the company developing Claude, may file for a publicly announced IPO as soon as the end of August, with an ambition to match or even surpass the record achieved by SpaceX.
The company had already submitted a confidential filing for the offering, while recent reports point to very strong revenue growth and potential valuations exceeding $2 trillion.
If the deal is sized this big, it could be one of the biggest tests of investor appetite for the AI sector, and it may open the door to a new wave of AI IPOs.
Are we looking at the biggest tech offering in history?
#Anthropic #AI #IPO
#crypto
Ripple is flexing its financial muscles. 💪
A $750M share buyback has officially valued the company at a staggering $50 billion! While this massive valuation keeps the market buzzing about a potential IPO, CEO Brad Garlinghouse is keeping everyone guessing. He left the IPO option open but confirmed there is no active filing yet.
Does a $50B Ripple even need Wall Street? Let’s discuss. 👇
#Ripple #XRP #IPO
A $750M share buyback has officially valued the company at a staggering $50 billion! While this massive valuation keeps the market buzzing about a potential IPO, CEO Brad Garlinghouse is keeping everyone guessing. He left the IPO option open but confirmed there is no active filing yet.
Does a $50B Ripple even need Wall Street? Let’s discuss. 👇
#Ripple #XRP #IPO
Lyntris priced its IPO 20% below range this week, downsizing to raise ~$298M instead of the $528M targeted. Two-thirds of that went to insiders cashing out, not the company. Traditional IPOs set value behind closed doors. Open networks build it differently. #PiNetwork #IPO $AAPL.US
AAPLUS-0.20%
🚨 BREAKING:
Ripple CEO Brad Garlinghouse says the company is now “more neutral” on going public than before.
No final decision has been made on an IPO yet.
For now, Ripple appears focused on growing its business rather than rushing toward a public listing.
The big question: Could Ripple eventually become one of crypto’s biggest public companies?
$XRP
#Ripple #XRP #Crypto #IPO
Ripple CEO Brad Garlinghouse says the company is now “more neutral” on going public than before.
No final decision has been made on an IPO yet.
For now, Ripple appears focused on growing its business rather than rushing toward a public listing.
The big question: Could Ripple eventually become one of crypto’s biggest public companies?
$XRP
#Ripple #XRP #Crypto #IPO
🚨 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
👉 Unitree Robotics surges 629% in debut as the first humanoid IPO on mainland China
$BTC
$ETH
$BNB
#IPO #Robotics #Unitree #HumanoidRobot #Bloomberg
$BTC
$ETH
$BNB
#IPO #Robotics #Unitree #HumanoidRobot #Bloomberg
Binance News
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Unitree Robotics Rockets 629% on Debut as First Mainland Humanoid IPO
Unitree Robotics shares opened 629% higher in their Shanghai trading debut after raising 6.1 billion yuan ($904 million), making it the first publicly traded humanoid robot maker in mainland China, Bloomberg reported. Officially known as Yushu Technology, the company saw its shares jump to 1,100 yuan from the IPO price of 150.8 yuan before paring gains; the opening price implied a market value of 445 billion yuan, on par with Apple supplier Luxshare Precision. The listing taps growing investor appetite for physical AI as Beijing steps up support for strategic technologies. Bloomberg Intelligence analyst Ian Ma said the debut surge signals strong appetite for China's embodied-AI sector and could offer a favorable valuation read-across for UBTech and other upcoming robotics IPOs. Retail bids even exceeded the 7.07 trillion yuan drawn by memory-chip giant CXMT last month.
Unitree shipped more than 5,500 humanoid robots last year, ranking first globally, with 2025 revenue surging to 1.7 billion yuan from 393 million yuan and a gross margin above 60%, according to Bloomberg. Founded by Wang Xingxing, it plans to use about 4.2 billion yuan of proceeds for embodied-AI model development, research and manufacturing expansion. JPMorgan analysts led by Tim Huang said a mass-production inflection point appears close, forecasting global humanoid shipments rising to 1.75 million units by 2030 from 18,000 in 2025, with China more than half of demand. Still, the IPO valued Unitree at 35.89 times sales versus about 20 for Hong Kong-listed peers, and Union Bancaire Privée's Vey-Sern Ling said there is no fundamental basis for the surge, calling it retail-driven with sky-high valuations. About 20% of the offering went to strategic investors including DeepSeek, which took a 2.31% stake with a three-year lockup, and Tencent-linked and state-owned enterprise vehicles.
Unitree shipped more than 5,500 humanoid robots last year, ranking first globally, with 2025 revenue surging to 1.7 billion yuan from 393 million yuan and a gross margin above 60%, according to Bloomberg. Founded by Wang Xingxing, it plans to use about 4.2 billion yuan of proceeds for embodied-AI model development, research and manufacturing expansion. JPMorgan analysts led by Tim Huang said a mass-production inflection point appears close, forecasting global humanoid shipments rising to 1.75 million units by 2030 from 18,000 in 2025, with China more than half of demand. Still, the IPO valued Unitree at 35.89 times sales versus about 20 for Hong Kong-listed peers, and Union Bancaire Privée's Vey-Sern Ling said there is no fundamental basis for the surge, calling it retail-driven with sky-high valuations. About 20% of the offering went to strategic investors including DeepSeek, which took a 2.31% stake with a three-year lockup, and Tencent-linked and state-owned enterprise vehicles.
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