Unitree Robotics Perpetual Contracts Drop 5.5% Ahead of IPO

Trade.xyz perpetuals fell 5.5% in one hour to $88.8 before Unitree Robotics IPO. Current price at 600 RMB implies $36B market cap, with expected 3.98x return on listing.

Woofun AI reports that perpetual contracts linked to Unitree Robotics on Trade.xyz experienced a sharp decline prior to the company's initial public offering. The asset price dropped from $94 to $88.8 within a single hour, marking a 5.5% decrease. The underlying stock currently trades at approximately 600 yuan, suggesting a post-listing market capitalization of roughly $36 billion, or 243 billion yuan. Based on the previously set IPO price of 150.8 yuan per share, investors anticipate a 3.98-fold return, yielding an estimated profit of 224,600 yuan after subscription costs. Trading is scheduled to begin in mid-to-late August, subject to final confirmation from the Shanghai Stock Exchange.