ME News reports that, as of July 25 (UTC+8), according to Hyperinsight monitoring, the Pre-IPO contract price for CXMT (ChangXin Memory Technologies, listed under ChangXin Technology) on Hyperliquid fell to $6, dropping over 5.7% in 24 hours. This corresponds to a RMB share price of RMB 40.62. Based on the post-issue total share capital of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to RMB 2.7 trillion. At this market cap, the subscription cost per lot of 500 shares for retail investors is RMB 4,330, with the estimated market value of 500 shares on the first day of listing at RMB 20,310, yielding a profit of approximately RMB 16,000 per lot. (Source: BlockBeats)
CXMT Pre-IPO Price Drops to $6, Implies RMB 40.62 per Share on Listing Day
KuCoinFlashShare
Summary
On-chain data from Hyperliquid shows that the CXMT pre-IPO price fell to $6 on July 25 (UTC+8), a 24-hour decline of over 5.7%. This equates to RMB 40.62 per share on the listing day. With a post-issuance total share capital of 66.881 billion shares, the implied on-chain market cap is approximately $4 trillion or RMB 2.7 trillion. Applying for 500 shares would cost RMB 4,330, with an estimated market value of RMB 20,310 on listing, yielding a profit of about RMB 16,000. (Source: BlockBeats)
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.