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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.

2026.07.19 22:05:15

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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Meta’s pre-market trading turned positive, rising 1.12%, as NVIDIA, AMD, and Broadcom are looking to purchase up to $5 billion in Meta stock.

Meta Platforms (META.O) plans two concurrent underwritten public offerings to raise a total of approximately $35 billion, including about $22.5 billion in Class A common stock and $12.5 billion in Series A mandatory convertible preferred stock. According to reports, Meta's common stock offering will be conducted via forward sale agreements, while the preferred stock offering involves depositary shares representing the Series A mandatory convertible preferred stock. Relevant information shows Meta intends to issue up to 250 million Series A depositary shares. Additionally, NVIDIA, AMD, and Broadcom are each interested in purchasing up to $5 billion in Meta's stock. Meta's pre-market shares turned positive, up 1.12%.

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Meta’s US-listed shares dropped more than 4% in pre-market trading, as the company launched a $225 billion offering of Class A common stock and a 250 million share offering of preferred depositary shares.

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Since 1950, US stocks have historically delivered their best performance in November, with the S&P 500 recording an average gain of 1.9%.

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Meta's pre-market losses narrowed sharply, now down 0.5%, after having fallen nearly 4% earlier.

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Barclays lifts Tesla’s price target from $370 to $450 and upgrades its rating to Overweight.

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