Unitree Robotics IPO Surges 600% on Shanghai Debut, Beats Crypto Premarket Bets

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Chinese robot maker Unitree saw its stock surge approximately 600% on its first day of trading on the Shanghai stock exchange. Prior to the IPO, crypto traders on the Hyperliquid perpetuals platform had priced Unitree significantly above its official IPO valuation. Despite those elevated expectations, Unitree's actual opening trade still came in around 75% higher than the price implied by crypto market participants. The strong debut highlights intense investor appetite for humanoid robotics companies. It also underscores how crypto derivatives markets are increasingly being used to speculate on traditional equity listings before they begin trading.

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