Unitree Tech's IPO subscription profit estimate nears 200,000 RMB per lot

According to ME News, as of August 6 (UTC+8), the pre-IPO perpetual contract for Unitree on Trade.xyz is trading at $68.2, approximately RMB 460, implying a post-IPO market capitalization of about $27.9 billion, or RMB 190.6 billion. Based on the target valuation of RMB 42 billion stated in the IPO prospectus, this suggests an estimated first-day listing return of 4.5 times for new investors. Unitree plans to issue approximately 40.45 million shares on the STAR Market, representing 10% of the total post-IPO equity. The IPO prospectus targets a valuation of RMB 42 billion, with the 40.45 million shares corresponding to an offering value of RMB 4.2 billion. The estimated offering price per share is approximately RMB 104 (final price to be determined by bookbuilding and subject to minor adjustments). Each subscription unit consists of 500 shares, with an estimated subscription payment of about RMB 52,000 per unit. Based on the Trade.xyz pricing, a 4.5x opening multiple would value each 500-share unit at RMB 234,000, yielding an estimated profit of approximately RMB 182,000 per unit after deducting the subscription payment. (Source: BlockBeats)