Woofun AI data shows that ChangXin Memory Technologies (CXMT) pre-IPO contracts on Hyperliquid climbed 5.4% over six hours in Asian trading to reach $6.88. This price action corresponds to an implied share price of 46.56 RMB and a total market capitalization of approximately $460.1 billion, based on a post-issue share count of 66.881 billion shares.

ChangXin Technology is scheduled to list on the Shanghai Stock Exchange Sci-Tech Innovation Board on July 27. Under current valuations, the cost for retail investors to purchase 500 shares via online application is estimated at 4,330 RMB, with a potential first-day value of 23,280 RMB, yielding a projected profit of roughly 18,900 RMB per application.