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Unitree IPO priced at $9B, but pre-IPO trading values it near $38B, risking volatile market debut.

Market News
15 Aug 2026
Coindesk
View Source
Bullish
pluang ai news

Chinese robot maker Unitree is going public with an IPO valuation of about $9 billion at 150.80 yuan ($22.37) per share on the Shanghai STAR Market. However, pre-IPO perpetual futures traded on Hyperliquid value the company at nearly $38 billion, over four times the IPO price. This large premium reflects high market expectations but also creates risk for leveraged traders, as the price must converge when actual trading begins between August 17 and 21. Analysts warn that if the stock opens significantly below or above these pre-IPO prices, many leveraged positions could face liquidation, leading to volatile price swings at debut.

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