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Changxin’s Pre-IPO price has fallen to $6, corresponding to a first-day share price of RMB 40.62 yuan upon listing.

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ME News, July 25 (UTC+8). According to Hyperinsight monitoring, on Hyperliquid, the CXMT (YMTC Storage, with the listed entity being YMTC Technology) Pre-IPO contract price fell to $6, down more than 5.7% in 24 hours. This corresponds to a RMB share price of 40.62 yuan. Based on the post-issuance total share count of 668.81 billion shares, the implied on-chain market value is about $400 billion, or about 2.7 trillion yuan RMB. Based on this market value, after retail investors are matched in the online subscription, the subscription cost per lot of 500 shares is 4,330 yuan, the estimated market value of 500 shares on the first day of listing is 20,310 yuan, and the profit per lot is about 16,000 yuan. (Source: BlockBeats)
CXMT-1.80%
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