Changxin Technology, the listed entity behind CXMT, has released about 7.702 million allotment numbers, according to BlockBeats. Data tracked by Hyperinsight shows that the CXMT pre-IPO contract on Hyperliquid fell below $7 and was last quoted at $6.81, down more than 5% over the past 24 hours. That level corresponds to a first-day stock price of RMB 46.15.
Based on the company’s post-offering total share capital of 66.881 billion shares, the on-chain implied valuation stands at about $455.4 billion, or roughly RMB 3.08 trillion. Using that valuation, a retail subscription lot of 500 shares would carry a subscription cost of RMB 4,330. The estimated market value of those 500 shares on the first trading day would be RMB 23,075, implying a profit of about RMB 18,700 per winning lot.
The figures cited in the report were attributed to Hyperinsight’s monitoring of the Hyperliquid market.
Changxin Technology, China’s domestic memory chip maker and the listed entity behind CXMT, has released about 7.702 million allotment numbers, according to BlockBeats on July 19.
Hyperinsight tracking shows the CXMT pre-IPO contract on Hyperliquid fell below $7 and was last quoted at $6.81. The contract was down more than 5% over the past 24 hours, a level that corresponds to a first-day stock price of RMB 46.15.
Using the post-offering total share capital of 66.881 billion shares, the on-chain implied valuation comes to about $455.4 billion, equivalent to roughly RMB 3.08 trillion.
At that valuation, a retail investor who wins one online subscription lot of 500 shares would face a subscription cost of RMB 4,330. The estimated value of those 500 shares on the first trading day would be RMB 23,075, implying profit of about RMB 18,700 per lot.
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