Hyperliquid Lists Unitree Pre-IPO Perpetual Contract with 4.88x IPO Return Potential

iconChainthink
Share
AI summary iconSummary
Hyperliquid has listed perpetual futures for Unitree (UNITREE) ahead of its IPO, priced at approximately $74 per share. The contract implies a post-IPO market capitalization of about $30 billion (20.5 billion RMB). Unitree plans to issue at least 40.45 million shares, representing 10% of the total 404.5 million shares outstanding post-IPO. The IPO prospectus targets a valuation of 4.2 billion RMB ($580 million–$620 million), with the current contract price suggesting a potential 4.88x return for IPO subscribers. The initial price inquiry is scheduled for August 5, followed by offline subscription on August 10. Traders are monitoring altcoins like Unitree as pre-IPO trading continues to gain momentum.

ChainThink reports that on August 4, Hyperliquid launched the pre-IPO perpetual contract for Unitree Technologies, with a current price of approximately $74.

The contract price represents the U.S. dollar value of one ordinary share of Yutree Technology, implying an implied market capitalization of approximately $30 billion, or about RMB 205 billion, following the listing.

Yushu plans to issue at least approximately 40.45 million shares on the STAR Market, representing 10% of the total post-issue share capital, which will amount to approximately 404.5 million shares.

The prospectus targets an offering valuation of approximately RMB 42 billion, equivalent to USD 5.8 to 6.2 billion, which, based on the current contract price, corresponds to a new listing return of approximately 4.88 times.

Yushu plans to make its initial public offering and list on the STAR Market of the Shanghai Stock Exchange. This offering will combine strategic placement, offline issuance, and online issuance. The initial inquiry date is August 5, and the offline subscription date is August 10.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.