Source: @Polymarket — JUST IN: Unitree's $900 million Shanghai IPO was reportedly more than 8,000x oversubscribed by retail investors.
Illustrative pro-rata math based on the reported 8,000x; actual Shanghai IPO retail allocations use a lottery, so this is a scale demonstration, not a promise.
How this works
The pro-rata illustration. If every retail dollar were split proportionally, a $10,000 order would receive $1.25 of Unitree stock — just 0.0125% of the order filled. That's because the reported 8,000x oversubscription means roughly $7.2 trillion chased a $900 million IPO.
The real Shanghai lottery. Chinese retail IPOs don't allocate pro-rata. When an IPO is heavily oversubscribed, retail investors enter a lottery: each subscription gets a chance in a random draw, and only some subscribers receive shares. With 8,000x demand, most retail investors get nothing, and the lucky few get a small allotment. The headline number is dramatic precisely because the odds are so thin.
The scale. $900 million × 8,000 = $7.2 trillion in reported demand. That's more than the GDP of most countries, chasing a single robotics company's IPO.