Serenity says Yushu Technology IPO drew more than 8,000 times retail oversubscription

Yushu Technology's initial public offering was oversubscribed by retail investors by more than 8,000 times, a sign of what Serenity described as extremely strong demand for pure-play humanoid robot companies. In a post on X, Serenity said the current opportunity he favors is exposure to U.S. humanoid robotics company Agility Robotics, which the post said counts SoftBank, Nvidia ($NVDA), Amazon ($AMZN) and Foxconn among its participants and had a pre-money valuation of about $2.5 billion. Serenity added that expectations for Yushu Technology already appear elevated in the pre-IPO perpetual contracts market (derivatives with no expiry). If the company's market capitalization exceeds $30 billion after listing, he said, that could further lift market attention toward leading U.S. humanoid robot companies over the next one to two weeks.

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