Robot maker Unitree is being priced at about $93 by traders on Hyperliquid, according to an Odaily report citing CoinDesk. That level is roughly 4.16 times the company’s Shanghai IPO offering price of $22.37. The pricing is taking shape in nIPO perpetual contracts, a product that lets traders speculate on a company’s eventual market price without owning its shares. Allium, a blockchain data analytics firm, said the premium could converge sharply once Unitree stock starts trading. Its analysts also warned that leveraged positions tied to that premium may face liquidation if prices move quickly. The report highlights how crypto-native markets are assigning pre-listing valuations to traditional companies through derivatives trading, even before the underlying stock begins changing hands in the public market.
Robot maker Unitree is being priced at about $93 by traders on Hyperliquid, according to Odaily citing CoinDesk. That is about 4.16 times the company’s Shanghai IPO offering price of $22.37.
The pricing comes from nIPO perpetual contracts, which allow traders to speculate on a company’s eventual market price without holding the underlying shares.
Analysts at blockchain data analytics firm Allium said the premium could see a volatile convergence once Unitree stock begins trading. They added that leveraged positions may be liquidated during that process.
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