Reverse the tables? Finally, foreigners are getting a taste of the magic during SpaceX-style IPO launches. Hyperliquid just listed the pre-market contract for ChangXin Technology (CMXT), currently priced at around $7.6. Based on the total issuance of 66.88 billion shares (IPO issuance of 6.688 billion shares, accounting for about 10% of total equity), the total market cap is approximately 3.5 trillion RMB. But its official issue price is only 8.66 RMB, with an IPO market cap of 579.2 billion. For context, the current No. 1 in market cap on China's A-shares, ICBC, is at 2.68 trillion RMB. Word on the street is that a bunch of foreigners on international forums are calling ChangXin the real "chip killer" and begging Chinese investors to help them get in on the IPO. What goes around comes around—this time, the roles are reversed!~