CXMT Storage is about to IPO on the A-share market, subscription price set at ¥8.66, pre-market contract currently at $7.2

CXMT Storage (CXMT) is gearing up for its IPO on the A-share market, with the subscription price confirmed at ¥8.66 (≈$1.29) per share. This morning, Hyperliquid launched pre-market contracts for CXMT, currently priced at $7.2—5.6x the subscription price. A whale address that deposited $75.3M USDC into Hyperliquid over the past week has gone long on CXMT pre-market contracts. The address has already opened $140K worth of long positions on CXMT at $6 and is placing limit buy orders between $5.8 and $7.2. Address: https://(hypurrscan.io)/address/0x9a80d88c21be60e870d07d852390e92d09223cf2 perps -------------------------------------------------------------------------- Bitget: Join and you're VIP! Crypto, US stocks, CFDs—global opportunities, all in one place.