CXMT’s Pre-IPO contract on Hyperliquid climbed for six straight hours during Asian trading on July 21, according to monitoring data from Hyperinsight. The contract was last quoted at $6.88, up more than 5.4% over the six-hour stretch. Based on that pricing, the implied debut share price for Changxin Technology, the listing entity of ChangXin Memory Technologies, stands at RMB 46.56.
Using the company’s post-offering total share count of 66.881 billion shares, the on-chain implied valuation is about $460.1 billion, or roughly RMB 3.11 trillion. Changxin Technology, described in the source as a leading domestic Chinese memory chip company, is scheduled to list on the STAR Market of the Shanghai Stock Exchange on July 27.
At that implied valuation, the source said a retail investor allocated one standard online subscription lot of 500 shares would have a subscription cost of RMB 4,330. The estimated market value of those 500 shares on the first trading day would be RMB 23,280, implying a per-lot profit of about RMB 18,900.
According to BlockBeats, Hyperinsight data showed on July 21 that the CXMT Pre-IPO contract on Hyperliquid, tied to ChangXin Memory Technologies and listed through Changxin Technology, rose for six consecutive hours during Asian trading.
The contract was last quoted at $6.88, up more than 5.4% over that six-hour period. Based on the contract price, the implied debut share price was RMB 46.56.
Using the company’s post-offering total share count of 66.881 billion shares, the on-chain implied valuation was about $460.1 billion, equivalent to roughly RMB 3.11 trillion.
Changxin Technology is set to list on the STAR Market of the Shanghai Stock Exchange on July 27, which the source noted is next Monday.
At that valuation, the source calculated that a retail investor who received one online subscription allotment of 500 shares would face a subscription cost of RMB 4,330. The estimated value of those 500 shares on the first day of trading would be RMB 23,280, implying a profit of about RMB 18,900 per allotment.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
