Perpetual Contracts Imply 300%+ Upside for Robot Maker Unitree's IPO
Crypto traders are wagering on a strong debut for Unitree Robotics as it lists on Shanghai's STAR Market on Wednesday. Perpetual contracts on the Hyperliquid blockchain imply an implied valuation of roughly $40.5 billion, over four times the $9 billion IPO valuation. These derivatives traded near $100 on Tuesday, reflecting intense speculative interest in the Chinese humanoid robot maker.
The listing is seen as a key barometer for investor appetite in robotics firms amid AI hype. The wide gap between the IPO price and market expectations underscores the speculative nature of crypto-based trading, which may not perfectly mirror actual stock performance. Unitree's pricing could set a benchmark for other companies in the sector.