Changxin’s pre-IPO price has fallen to $6.81, corresponding to a RMB share price of 46.15 yuan on its first day of trading.
15 hours ago
China's leading domestic memory chip giant Changxin Technology today announced approximately 7.702 million subscription winning numbers. According to Hyperinsight's monitoring, the price of CXMT (Changxin Memory Technologies, Changxin Technology's listed entity) Pre-IPO contracts on Hyperliquid has dropped below $7, currently trading at $6.81, with a more than 5% decline in 24 hours. Its corresponding RMB share price stands at 46.15 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is roughly $455.4 billion, equivalent to around 3.08 trillion yuan. Based on this valuation, the subscription cost per 500-share lot for retail investors who won the online application is 4,330 yuan, with the estimated market value of 500 shares on the first day of listing at 23,075 yuan, translating to a per-lot profit of approximately 18,700 yuan.
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