Evergrande's Pre-IPO Price Falls to $6, Corresponding to a RMB Market Value of About 2.7 Trillion Yuan on the First Day of Listing

BlockBeats News, July 25th, according to Hyperinsight monitoring, the Hyperliquid CXMT (ChangXin Memory Technologies, listed under ChangXin Technology) Pre-IPO contract price has dropped to $6, down over 5.7% in 24 hours, corresponding to a stock price of RMB 40.62. Based on a post-issuance total share capital of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to about RMB 2.7 trillion.

Based on this market valuation, the cost for retail investors to apply for every 500 shares through online allocation is RMB 4,330. The estimated market value of 500 shares on the first day of listing is RMB 20,310, with a potential profit of about RMB 16,000 per allotment.