UNITREE

In IPO news… Vantage Data Centers is exploring going public at an enormous $100B valuation.

If you’re not familiar, $Oracle(ORCL.US) is their anchor tenant for Stargate (OpenAI end user), and Vantage develops/operates hyperscaler DCs.

Anthropic IPO is also expected, with investors expecting $2T valuation, eclipsing $SpaceX(SPCX.US) per FT.

Yeah… idk about Anthropic valuations. Jim Cramer defending that valuation is never a good sign.

On a side note, Opus 5 is probably the worst consumer LLM I’ve used to date, it’s like a 5 IQ LLM operating off terrible data retrieval. With a Fable-like God complex on top.

Enterprise is probably having a better time though.

Unitree IPO is also expected this month and priced it at a $9B valuation. Which is a positive tailwind for Unitree for the humanoid sectors.

Not really an AI name but SHEIN is going public as soon as the 19th this month.

Go ask any girl you know and they’re probably familiar with this platform.

uhhh... the Unitree IPO is more than 8000 times oversubscribed by retail investors.

The demand for pure play humanoid companies is absolutely enormous?

I'm personally in the US-based Agility Robotics club (Softbank, $NVIDIA(NVDA.US), $Amazon(AMZN.US), Foxconn, etc), at $2.5B premoney via $Churchill Capital XI(CCXI.US).

And my take is that Unitree likely opening at $30B+ (from pre-ipo perps), might bring the leading US players some more attention in a week or two.

Regardless that's just absurd demand.

Unitree, China's humanoid leader, is set to IPO this month at a $9B valuation! (~$6.2B originally per March filing).

Derivative markets are pricing open at an implied $36.04B MC, roughly ~4X listing price.

$Churchill Capital XI(CCXI.US) / Agility Robotics, the first US pure-play humanoid company, is also going public later in Q4, at a ~$2.5B pre-money valuation.

It will be interesting to see how markets price in America vs. Chinese Humanoid leaders.