Yushu Technology's IPO contract goes live on Hyperliquid, with a price drawdown of 14.2%

According to TradingBeats monitoring, the IPO contract UNITREE of Yushu Technology has been launched on Hyperliquid, with an opening price of $73.33, a high of $75.67, a low of $61.92, and now reported at $62.88, a decrease of 14.2% from the opening price. Accumulated transactions amounted to 2.74 million US dollars, with an open interest of 1.039 million US dollars and a negative capital rate. UNITREE corresponds to approximately 424 yuan per share, calculated at 404.46 million shares, with an implied market value of approximately 171.5 billion yuan. The opening and peak correspond to 20 million US dollars and 20.63 billion US dollars, respectively. The company plans to raise $4202 million and issue at a valuation of approximately $4.2 billion. Based on a revenue of $170 million and a net profit of $591 million, the price to sales ratio is 101 times and the price to earnings ratio is 290 times. The implied market value of Yushu Technology is equivalent to 29.6% of Changxin Technology's issuance market value of 579.2 billion yuan, and 4.7% of Changxin Technology's closing price of 55 yuan and 66881 million shares corresponding to a market value of 3.68 trillion yuan.