According to TradingBeats, the UNITREE IPO contract for Unitree Robotics has launched on Hyperliquid, opening at $73.33, reaching a high of $75.67, and dipping to a low of $61.92; it is currently trading at $62.88, down 14.2% from its open. Total trading volume has reached $2.74 million, with open interest at $1.039 million and the funding rate turned negative. UNITREE corresponds to approximately RMB 424 per share; based on 4.0446 billion shares outstanding, the implied market capitalization is approximately RMB 171.5 billion, with the opening and high prices implying valuations of $200 billion and $206.3 billion, respectively. The company plans to raise $4.202 billion, with an offering valuation of approximately $42 billion. Based on annual revenue of $1.7 billion and net profit of $591 million, the price-to-sales ratio is 101x and the price-to-earnings ratio is 290x. Unitree Robotics’ implied market capitalization represents 29.6% of ChangXin Memory Technologies’ RMB 579.2 billion offering valuation and 4.7% of ChangXin’s RMB 3.68 trillion market cap based on its closing price of RMB 55 and 6.6881 billion shares outstanding.
UNITREE IPO contract on Hyperliquid drops 14.2% from open
AiCoinShare
Summary
The IPO futures contract for Unitree Technology (UNITREE) on Hyperliquid opened at $73.33, surged to $75.67, then declined to $61.92. The current price is $62.88, down 14.2% from the open. Total trading volume reached $2.74 million, with open interest at $1.039 million and a negative funding rate. On-chain data indicates an implied market cap of approximately 171.5 billion yuan, a fundraising target of $4.202 billion, and an issue valuation of $42 billion. Unitree reported $1.7 billion in revenue and $591 million in net profit, resulting in a price-to-sales ratio of 101x and a price-to-earnings ratio of 290x.
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.