TradeXYZ again! The estimated single-share profit for ChangXin Technology is about 20,000 yuan, and the first-day share price in RMB is 48.6 yuan

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BlockBeats message: On July 16, China’s domestic storage-chip leader Changxin Technology (CXMT) today opened subscriptions. According to Hyperinsight monitoring, on Hyperliquid the CXMT (Changxin Storage; the listed entity is Changxin Technology) Pre-IPO contract price is currently quoted at $7.26, corresponding to a RMB share price of 48.6 yuan. Based on the post-issue total share capital of 66.881 billion shares, the implied on-chain market cap is about $485.5 billion, or about 3.3 trillion yuan.

Using this market value as a basis, if retail investors apply online today and win a bid, each lot—subscribing 500 shares—costs 4,330 yuan. On the first day of listing, the estimated market value of 500 shares is 24,300 yuan, and the profit per lot is about 20,000 yuan.

CXMT-7.16%
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