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超级哇塞,宇树科技IPO发行价正式敲定,因中签难度网友调侃假如中签为气运之子。 发行价最终定在150.8元/股,按一签500股计算,中签后需缴款约7.54万元。以2025年扣非净利润约5.91亿元测算,发行市盈率约103倍。放在传统制造业来看并不便宜,但考虑到人形机器人赛道仍处于高速成长阶段,机构定价更多反映的是未来2-3年的业绩预期。 本次IPO募资约60亿元,发行约4000万股,占总股本约10%,对应公司整体估值约600亿元。对于近几年关注度极高的机器人企业,不少投资者认为这一估值仍有成长空间,上市后的市场表现值得持续关注。 真正的难点其实不是估值,而是中签概率。 相比此前长鑫存储的大规模发行,宇树此次发行股份数量少了百倍以上,流通盘明显更小,也意味着中签难度大幅提升。附图有AI推演的中签概率,有网友调侃,假如中签,要不就是天龙人,要不就是气运之子。 关于打新收益,市场预期同样存在分歧。有人喊出"一签赚30万元",也有观点认为这一目标过于乐观。按照目前链上Pre-IPO市场约74美元/股的成交价格折算,约合人民币500元/股,对应一签理论收益约17万元。不少市场人士认为,15万至20万元或许是相对合理的预期区间,而30万元则需要上市后出现极强的资金追捧。 需要注意的是,链上Pre-IPO价格属于场外市场交易,波动较大,只能作为市场情绪和预期的参考,并不代表最终上市后的真实成交价格。 总体来看,宇树科技最大的看点或许已经不是"值多少钱",而是稀缺流通盘叠加机器人赛道高热度,能否继续推动上市后的溢价表现。真正决定最终收益的,除了市场情绪,还有一个更现实的问题——你是否能够中签。
DeluDream
DeluDream
Yushi Technology IPO Date Officially Confirmed: Preliminary inquiry on August 5, online subscription starts on August 10. As one of the most watched companies in China's robotics sector, Yushi Technology plans to list on the STAR Market, intending to issue about 40.44 million shares, with a total post-issuance share capital of approximately 404 million shares. Founder Wang Xingxing still holds nearly 69% of the voting rights, which helps maintain the company's long-term R&D strategy stability. This year, tech stock IPOs have attracted much attention. Changxin Memory ignited market enthusiasm first, followed by star companies like Suoyuan and Yushi set to debut successively. However, the global AI and tech sectors have recently undergone significant adjustments, cooling market sentiment. Although the Federal Reserve kept interest rates unchanged and the South Korean government’s market rescue provided some relief, these factors may impact Yushi's IPO valuation to some extent. Yushi has gained high global recognition with its quadruped and humanoid robots, frequently showcasing their mobility on major stages. However, it should be noted that most robots currently demonstrated publicly still rely mainly on preset programs or manual control, which is somewhat distant from the fully autonomous embodied intelligence the public expects. The robotics industry is still in its early stages; true competition will depend on autonomous intelligence, mass production capability, and commercial implementation, not just demonstration effects. #YushiTechnology #Robotics #EmbodiedIntelligence #AI #STARMarket #IPO

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