Bybit has expanded its synthetic private-market offering with USDT-settled perpetual contracts tied to Unitree Robotics and Moonshot AI, taking its TradFi perpetual lineup to more than 200 products across equities, ETFs, commodities, indices and private companies. The exchange said UNITREEUSDT and MOONSHOTUSDT provide price exposure only, do not confer ownership of the underlying companies, and carry leverage of up to 10x. Unitree is further along toward a public listing. Shanghai Stock Exchange data shows the robotics company priced its IPO at 150.80 yuan a share for about 40.45 million shares, equal to 10% of its post-offering share capital, implying gross proceeds of about 6.10 billion yuan. Reuters reported retail demand exceeded available shares by more than 8,000 times, and a separate Aug. 14 report said the company was expected to make its STAR Market debut the following week. Moonshot AI's timeline is less certain. Bybit launched MOONSHOTUSDT on Aug. 7 with 24/7 trading, maximum leverage of 10x and a fixed pre-IPO funding rate of 0.005% every four hours, using an estimated one billion shares in the contract structure. Reuters reported in July that Moonshot was preparing for a possible Hong Kong listing, but the company later disputed reports of an August filing, while the Financial Times said the timing remained unclear as it restructures ahead of a potential debut. Bybit says its pre-IPO products are synthetic derivatives priced by market supply and demand, which may diverge from any eventual IPO price, and that it is not affiliated with the companies referenced. The exchange also says pre-IPO contracts may be converted into standard TradFi perpetuals after an IPO, with a possible rebase once the actual share structure is known, while contracts may be delisted or settled if a listing is cancelled or restructured.