On Aug. 7, PANews reported that pre-IPO perpetual contracts for Unitree, a Chinese robotics company, briefly exceeded the $90 level on the platform Trade.xyz. The contract price touched a session high of $93.993 before retreating to $89.342, representing a 24-hour gain of 23.4%. At Trade.xyz's pricing, 500 shares carry a value of 305,000 yuan. For a winning allotment of one lot, which equals 500 shares, the estimated subscription payment is about 75,000 yuan. After deducting that payment, the implied profit is approximately 230,000 yuan. These numbers, as provided by Trade.xyz, give a picture of the pre-IPO derivative's pricing around the time of the report. The company behind the contract, Unitree, is known for its humanoid and quadruped robots. PANews included a disclaimer at the end of the article, stating that the content is meant only to provide market information and does not constitute investment advice. The report did not provide additional data beyond the price, the pricing, and the estimated allotment calculations.
Unitree Pre-IPO Perpetual Contract Spikes Past $90
Pre-IPO perpetual contracts for Unitree, listed on Trade.xyz, briefly broke above $90 on Aug. 7, hitting a high of $93.993 before easing to $89.342. The 24-hour gain was 23.4%.
At Trade.xyz's pricing, 500 shares are valued at 305,000 yuan. An estimated winning allotment of one lot, or 500 shares, requires a payment of about 75,000 yuan. That leaves roughly 230,000 yuan in profit after deducting the subscription payment.
PANews said the article is intended solely to provide market information and does not constitute investment advice.
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