Anonymous traders on Hyperliquid bet on 4-fold upside for Unitree Technology after IPO

Published Aug 17, 08:19 PM UTC

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Ahead of Unitree Robotics' IPO in Shanghai, anonymous traders on the decentralized crypto exchange Hyperliquid are betting on a fourfold upside by trading pre-IPO perpetual contracts at $97 per unit, compared to the IPO offer price of 150.80 yuan ($22.37) per share. This implies a valuation of approximately $40 billion, four times the expected IPO valuation. Unitree, a Chinese robotics company founded in 2016, specializes in quadruped and humanoid robots and aims to raise about $9 billion in its IPO. The trades are tracked on-chain but cannot be converted into actual shares, reflecting speculative interest in the company's public debut.

Source

Yahoo FinanceWestern

Original headline: Mysterious traders bet on 4-fold upside ahead of robot giant’s IPO

Original language: EN-US

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