Changxin Technology (CXMT) pre-IPO on-chain contract price once fell below $6, corresponding to a RMB share price of about 40.62 yuan.


Based on a post-issue total share capital of 66.88B shares, the implied on-chain market value is about $401.2B, equivalent to about 2.72 trillion yuan.

At this price:
Issue price 8.66 yuan/share; for each lot of 500 shares, subscription cost is 4,330 yuan
On July 27 (Monday), the estimated 500 shares on the first day of listing on the STAR Market is about 20.3k yuan
Profit per single lot is about 16k yuan

The on-chain contract price of Changxin Technology fell from a peak of about $8.6 (58.22 yuan) on July 16 to $6 (40.62 yuan). The implied on-chain market value shrank from 3.9 trillion yuan to about 2.72 trillion yuan.
CXMT1.10%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned