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Shanghai Stock Exchange

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Close-up of a white toy robot with glowing eyes in a studio setting.
NEWSAUG 19, 2026
Unitree’s Shanghai Debut Opens Far Above Hyperliquid’s Pre-IPO Signal
Unitree Robotics opened at 1,100 yuan in Shanghai, valuing the robot maker at about $66 billion and landing well above the level implied by a Hyperliquid perpetual futures market. The debut highlights both the growing influence and clear limitations of crypto-based pre-IPO price discovery.
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