Robot maker Unitree is going public. Hyperliquid traders see 4x upside from IPO price
Hyperliquid traders value Unitree at nearly $38 billion versus $9 billion at its IPO, leaving leveraged bets vulnerable when trading begins, Allium analysts said.
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Summary
- Hyperliquid traders are pricing Unitree near $93 a share, more than four times its $22.37 Shanghai IPO price.
- Pre-IPO perpetuals let traders speculate on a company’s eventual market price without owning its shares.
- The premium creates a potentially volatile convergence when Unitree starts trading on the stock market, with leveraged positions vulnerable to liquidation, Allium analysts pointed out.
