CXMT Perpetual Futures Trade at $6.35 Per Share on HyperLiquid, Forming 5x Premium Over IPO Valuation

CXMT0.33%

According to CNBC, long-term memory semiconductor company Changshinan Memory Technology's (CXMT) perpetual futures contracts traded at $6.35 per share today (July 23) on decentralized exchange HyperLiquid, with prices reaching as high as $8.60.

The premium-inflated valuation implies a company value of approximately $425 billion, roughly five times CXMT's IPO valuation of approximately $57.9 billion. CXMT is scheduled to list on Shanghai Stock Exchange's STAR Market on July 27.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments