Unitree, a robot maker, is going public, according to reporting from CoinDesk. The company's initial public offering (IPO) valuation is $9 billion. However, Hyperliquid traders have a more optimistic view, valuing Unitree at nearly $38 billion, which is approximately 4 times the IPO price.
Allium analysts have noted that this discrepancy leaves leveraged bets vulnerable when trading begins. The significant difference between the IPO valuation and the valuation by Hyperliquid traders may lead to market volatility when the company's shares start trading.