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Hyperliquid traders value Chinese robot maker Unitree at $38B, 4x its $9B IPO valuation ahead of public debut
Chinese robot maker Unitree Robotics is set to go public on the Shanghai STAR Market with an IPO valuation of approximately $9 billion. However, pre-IPO perpetual contracts on Hyperliquid are trading at prices that imply a valuation of about $38 billion, according to blockchain analytics firm Allium. Allium analysts warn that leveraged bets on Hyperliquid could be vulnerable if Unitree's opening price is significantly lower than the perpetual contract price, even if it doubles its IPO valuation. Trading is expected to begin between August 17 and 21.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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