Hyperliquid conducted a pre-pricing of the U-Tree's new fund offering, achieving a 4.88x oversubscription. The offline subscription date is August 10th.

BlockBeats News, August 4th, Hyperliquid has launched the Unitree IPO Pre-listing Perpetual Contract, currently priced at around $74, corresponding to a post-listing valuation of approximately $30 billion.

The pre-listing perpetual contract price of UNITREE represents the USD price of 1 share of Unitree Technology common stock. Unitree Tech's ChiNext IPO plans to issue at least around 40.45 million shares, accounting for 10% of the post-issue total share capital, with a post-issue total share capital of approximately 404.5 million shares. The current contract price corresponds to an implied valuation of $30 billion, about RMB 205 billion. Unitree's IPO prospectus targets a post-money valuation of about RMB 42 billion (approximately $5.8–6.2 billion), and it is expected to bring about 4.88 times the IPO subscription gains upon listing.

Unitree is about to conduct its initial public offering of stock and list on the Shanghai Stock Exchange's Sci-Tech Innovation Board. This issuance will be conducted through a combination of strategic placement, offline allotment, and online issuance. The preliminary inquiry date is set for August 5, 2026, and the offline subscription date is August 10, 2026.