Unitree opened its IPO subscription today on Trade.xyz, and the robotics company's pre-IPO perpetual contract is now trading at $86.40, or about 582.99 yuan. With a post-issue total of roughly 404 million shares, that puts the company's market cap at around $34.9 billion (235.5 billion yuan).
Unitree's IPO price is set at 150.8 yuan per share, meaning the pre-IPO contract price is roughly 3.86 times the offering price. The STAR Market IPO plans to issue 40.45 million shares, representing 10% of the post-issue total. Each subscription lot is 500 shares, requiring an upfront payment of about 75,400 yuan.
At Trade.xyz's latest price, those 500 shares would be worth roughly 291,400 yuan. After subtracting the 75,400 yuan subscription cost, the potential profit per lot comes to about 216,000 yuan — a return of roughly 286% on the amount subscribed.
Also on Trade.xyz, Unitree's contract saw $1.62 million in 24-hour trading volume, with open interest of $7.72 million. Trading activity still has room to grow, and the final listing price remains uncertain.