Bybit Now Lets Traders Bet on Unitree and Moonshot AI Before They Go Public

TLDR

• Hyperliquid traders are pricing Unitree at around $93 per share, more than four times its Shanghai IPO price of $22.37
• The pre-IPO perp market values Unitree at roughly $38 billion versus its $9 billion IPO valuation
• Unitree’s IPO was reportedly 8,000 times oversubscribed, with trading expected between Aug. 17 and Aug. 21
• Allium analysts warn that even a strong debut around $45 per share could liquidate roughly 33% of long positions
• Bybit has launched pre-IPO perpetual contracts for Unitree and Moonshot AI, expanding its TradFi perpetuals lineup to over 200 products

Chinese robotics firm Unitree is set to go public on Shanghai’s STAR Market, priced at 150.80 yuan ($22.37) per share. That gives the company a valuation of around $9 billion.

Just few days after its IPO, the market prices Unitree already at $37 billion, which is more than 4x of its IPO valuation.

Two ways to read this:

Either the market expects genuinely explosive growth from Unitree itself.

Or it believes humanoids and physical AI are one of the… pic.twitter.com/T6TZOiDRY3

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