[Caixin: Unitree's 'Grey Market' Offers Triple the Price, Private Acquisition of New Shares Not Legally Protected] According to Deep Tide TechFlow on August 17, Caixin reported that Unitree Robotics has not yet officially gone public, but trading around this hot new stock has already begun in advance. Platforms like Xianyu and other second-hand trading platforms have listed multiple offers to buy or sell the rights to Unitree Robotics' new share allotments. Currently, several intermediaries are acquiring these new shares through various channels, with significant price discrepancies. Some intermediaries are offering 520 yuan per share (issue price 150.8 yuan per share), while others are quoting 410 yuan per share. Among certain investors and intermediary groups, this type of transaction is also referred to as a 'grey market.' At present, this type of trading remains a niche activity. Multiple securities firms, public funds, and other market participants have stated that they had not previously heard of such 'grey market' trading for STAR Market IPOs. Its sudden emergence may be related to Unitree Robotics' extremely low allotment rate and high expected listing returns. The private acquisition of new shares currently trending in the A-share market is based on informal verbal agreements and is not legally protected.