Trade.xyz Launches SHEIN Pre-IPO Perpetual Futures Market

BlockBeats News, August 27th — According to official sources, Trade.xyz has announced that the Pre-IPO market for SHEIN is now live. This market reflects the pricing of SHEIN Global Holdings Limited's Class B common stock per share ahead of its expected listing on the Hong Kong Stock Exchange on September 1st under the ticker 0625.

Currently, the SHEIN HK IPO offer price ranges from HK$47.60 to HK$49.50. Trade.xyz has stated that after SHEIN's listing, an oracle will convert the HKD stock price to USD based on the prevailing USD/HKD exchange rate.