The9's Pre-IPO Price Falls to $6.81, Corresponding to a RMB Stock Price of ¥46.15 on the First Day of Trading

BlockBeats News, July 19th, Chinese domestic storage chip leader ChangXin Memory Technology (CXMT) has announced the allocation results for approximately 7.702 million lucky draw winners. According to Hyperinsight monitoring, the Hyperliquid trading price of CXMT (ChangXin Memory Technology) Pre-IPO futures has dropped below $7 to $6.81, a decrease of over 5% in the past 24 hours. This corresponds to a stock price of 46.15 RMB. Based on a post-issue total share capital of 66.881 billion shares, the implied on-chain market capitalization is approximately $455.4 billion, equivalent to about 3.08 trillion RMB.

Based on this market capitalization calculation, the cost of applying for 500 shares per lot for retail investors is 4,330 RMB. The estimated market value of 500 shares on the first day of listing is 23,075 RMB per lot, with a potential profit of approximately 18,700 RMB per lot.