TradeXYZ Once Again Leads in Pricing! Estimated Longxin Technology's Single Sign-On Profit is about $2,000, with an IPO Price of RMB 48.6 on the First Day

BlockBeats News, July 16th, the leading Chinese domestic storage chip company ChangXin Memory Technologies (CXMT) opened its IPO subscription today. According to Hyperinsight, the Hyperliquid trading platform shows that the CXMT Pre-IPO contract is currently priced at $7.26, equivalent to a Chinese Yuan stock price of 48.6 yuan. Based on the post-issuance total shares of 66.881 billion, the implied market cap on-chain is approximately $485.5 billion, or about 3.3 trillion yuan.

Based on this market valuation, if retail investors successfully subscribe to the IPO today, with an allocation of 500 shares per successful application, the subscription cost would be 4,330 yuan. On the first day of trading, the estimated value of 500 shares is 24,300 yuan, resulting in a potential profit of about 20,000 yuan per successful application.