Trade.XYZ has listed a pre-market contract for ChangXin Memory Technologies, or CXMT, on Hyperliquid’s HIP-3 market. The contract briefly rose to $8.64 before pulling back to around $8. Based on the company’s post-offering share count of about 66.888 billion shares, that price implies a market capitalization of roughly $540 billion. At that level, CXMT would be valued above Tencent, which was cited at $526.5 billion, placing it 32nd globally by market value. The company is also set to begin subscriptions for its STAR Market IPO on July 16. The figures reflect pricing in the pre-market contract rather than an official listed market capitalization.
Trade.XYZ on Tuesday listed a pre-market contract for ChangXin Memory Technologies (CXMT) on Hyperliquid’s HIP-3 market. The contract price climbed as high as $8.64 before falling back to around $8.
Based on CXMT’s post-offering total share count of about 66.888 billion shares, the current pre-market price would imply a market capitalization of roughly $540 billion. That would put the company above Tencent, which was cited at $526.5 billion, and rank it No. 32 globally by market value.
CXMT is scheduled to begin subscriptions for its STAR Market IPO on July 16.
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