[The Largest Short Seller Before CXMT's IPO Closes Position, Ultimately Losing $10.98 Million] According to Ember Monitoring, the largest short seller who shorted ChangXin Memory Technologies (CXMT) one day before its IPO closed their entire position 10 hours ago. They ultimately incurred a loss of $10.98 million, including $5.18 million in funding fees and $5.80 million in price losses. This whale opened a short position at $6.50 per share the day before CXMT's IPO, betting on a price drop. However, CXMT's price remained extremely resilient, and after holding the position for two months, they finally closed it at $8.50 per share, realizing a total loss of $10.98 million.