Hyperinsight said on July 25 that the CXMT pre-IPO contract on Hyperliquid, tied to ChangXin Memory Technologies and its listing vehicle Changxin Technology, fell to $6, with a decline of more than 5.7% over the past 24 hours. Based on that contract level, the implied share price was calculated at RMB 40.62.
Using the post-offering total share count of 66.881 billion shares, the on-chain implied valuation came to about $400 billion, or roughly RMB 2.7 trillion. BlockBeats reported that, on that basis, a retail investor receiving one subscription allotment of 500 shares would face a subscription cost of RMB 4,330.
The same calculation puts the estimated market value of those 500 shares on the first trading day at RMB 20,310, implying a profit of about RMB 16,000 per allotment. The figures were attributed to Hyperinsight’s monitoring data cited by BlockBeats.
BlockBeats reported on July 25, citing monitoring data from Hyperinsight, that the CXMT pre-IPO contract on Hyperliquid, linked to ChangXin Memory Technologies with Changxin Technology as the listing entity, fell to $6. The contract was down more than 5.7% over the past 24 hours.
Latest pricing on the CXMT pre-IPO contract
At $6, the implied share price was calculated at RMB 40.62. Based on a post-offering total share count of 66.881 billion shares, the on-chain implied market capitalization stood at about $400 billion, equivalent to roughly RMB 2.7 trillion.
Estimated retail subscription returns at that valuation
Using that implied valuation, the subscription cost for one retail allotment of 500 shares would be RMB 4,330. The estimated first-day value of those 500 shares would be RMB 20,310, implying a profit of about RMB 16,000 per allotment.
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