Hyperliquid On-Chain Pre-IPO: CXMT Contracts Trading at Nearly 6x Premium Over Issuance Price http://trade.xyz has launched ChangXin Memory Technologies (CXMT) stock contracts on Hyperliquid. As of this post, the quoted price is $7.2. On the evening of July 14, ChangXin Memory Technologies announced its IPO issuance price on the STAR Market at 8.66 RMB per share. Online and offline subscriptions will officially begin on July 16. This marks the second-largest IPO in STAR Market history, with an estimated total fundraising of approximately 57.9 billion RMB. Based on the current exchange rate, the on-chain contract price reflects a nearly 6x premium compared to the traditional market issuance price. As of this post, the open interest for CXMT contracts is approximately $1.74 million, with a 24-hour trading volume of about $980,000.