Capital

CapitalUnitree's $30B Crash Was The IPO, Not The Firm

Unitree's $30B Crash Was The IPO, Not The Firm

Unitree shares are down about 45 percent in three trading sessions, erasing $30 billion from a debut peak near $66 billion. Its own IPO prospectus shows adjusted profit fell 53 percent, and analysts say the pricing mechanism itself, not Unitree's fundamentals, produced both the pop and the crash.

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