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Unitree Technology pre-IPO perpetual on Trade.xyz jumps to $90.50

Unitree Technology pre-IPO perpetual on Trade.xyz jumps to $90.50

The latest move implies a post-listing valuation of about $36.5 billion after Unitree fixed its IPO price at 150.8 yuan a share and flagged a 4.04 times opening gain.

Fact Check
BlockBeats flash 360277 corroborates every specific figure in the claim: the contract broke above $83, later traded at $81 (~547 yuan), implying ~$32.8 billion valuation, against the 150.8 yuan IPO price. The 3.63x multiple is arithmetically consistent (547/150.8 ≈ 3.63). The Trade.xyz official X post confirms the UNITREE IPOP market exists (STAR Market code 688836), and multiple Chinese financial outlets including Cailianshe confirm the 150.8 yuan/share IPO price. All independent data points align.
Summary

Unitree Technology's pre-IPO perpetual on Trade.xyz climbed to $90.495, or about 610 yuan, on Aug. 7, up 23.1% over 24 hours and implying a post-listing market value of about $36.5 billion, or 246.7 billion yuan. The move follows Unitree's decision to set its IPO price at 150.8 yuan a share, a level that points to an expected opening gain of about 4.04 times for retail subscribers. The company's Sci-Tech Innovation Board offering plans call for 40.4464 million shares, equal to 10% of post-offering capital, with one 500-share lot requiring about 75,000 yuan; at Trade.xyz's pricing, that lot would be worth about 305,000 yuan, leaving roughly 230,000 yuan in gross profit after subscription costs.

Terms & Concepts
  • pre-IPO derivatives: Contracts that let traders speculate on a company's expected valuation before its shares begin public trading.
  • open interest: The total value or number of derivatives positions that remain outstanding and have not been closed.
  • reduce-only sell order: An order that can only decrease or close an existing position rather than increase exposure.