Unitree Technology will open subscription for its STAR Market IPO on Aug. 10, BlockBeats reported. Pre-IPO perpetual contracts on Trade.xyz last traded at $87.525 — about 590 yuan, or roughly 3.91 times the company's 150.8 yuan per-share offer price. Applied to around 404 million shares outstanding after the offering, that implies a market capitalization of about $35.4 billion, or 238.7 billion yuan. The offering consists of 40.4464 million shares, equal to 10% of post-issuance total share capital. A standard lot covers 500 shares, requiring a subscription payment of about 75,400 yuan. At Trade.xyz's latest quote, a 500-share lot would be worth roughly 295,000 yuan. After deducting the subscription payment, potential profit per lot lands near 219,600 yuan — about 220,000 yuan. That translates to a potential return of approximately 291% on the subscription amount, consistent with the pre-IPO contract trading at 3.91 times the offer price.
Offer price, pre-IPO quote and valuation
Unitree Technology opens its STAR Market IPO subscription on Aug. 10, BlockBeats reported. On Trade.xyz, the company's pre-IPO perpetual contract last traded at $87.525, converting to roughly 590 yuan. That puts the pre-market contract at about 3.91 times the 150.8 yuan offer price.
Based on approximately 404 million shares outstanding after the offering, the quote implies a valuation of about $35.4 billion, or 238.7 billion yuan.
Subscription details and per-lot economics
The STAR Market listing covers 40.4464 million shares, around 10% of the enlarged share capital. A single lot is 500 shares, and the cash required to subscribe is about 75,400 yuan.
At Trade.xyz's latest contract price, a 500-share lot carries a value of roughly 295,000 yuan. Minus the 75,400 yuan subscription payment, each lot's potential profit comes to about 219,600 yuan, close to 220,000 yuan — an estimated return of 291% on the amount committed.
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