Retail Investors Oversubscribe CXMT IPO by More Than 200 Times
CXMT’s initial public offering on the Shanghai stock exchange opened to retail investors and drew bids more than 200 times the available share supply, Reuters reported.
The surge in individual demand marks the latest phase in the Chinese semiconductor producer’s listing process, highlighting local appetite for the country’s largest domestic memory chip maker.
From the sources (15 posts)
@zephyr_z9Who the hell priced the CXMT IPO??? They are IPOing at just $80B market cap (revenue will be in the $50B-$60B range this year at 75% GM, next year over $120B) Is there a way to get in??
@zephyr_z9🤣🤣🤣🤣
@jukan05🔥🔥🔥 CXMT’s STAR Market IPO: There will be no daily price limit for the first five trading days after listing. The usual ±20% limit will apply starting from the sixth trading day. Oh shit, it’s time to witness the full madness of Chinese re
@jukan05CXMT LIVE IN HYPERLIQUID
@lookonchainCXMT ($CXMT) is set to list on China's A-share market at an IPO price of 8.66 RMB (~1.28 USD). We spotted $5.93M in buy orders at $7.2 and another $5.58M in buy orders at $6.
@zephyr_z9So CXMT is trading at $8.4 on Hyperliquid rn Basically implies a $560B market cap They are officially listing at $85B
@lookonchainA mysterious whale with $75.4M is long on $CXMT! He opened a 5x long on 20,000 $CXMT($164K) at $6 and is already up $44K. He also placed limit orders to add more to his $CXMT long position between $5.8 and $7.2. h
@hyperliquidxRT @tradexyz: The Pre-IPO Perpetual (IPOP) Market for CXMT is now live. CXMT is a pre-IPO market reflecting the market-implied value of 1…
@zephyr_z9Bruh Watching CXMT trade will be epic
@ryanwatkins_An army of traders in China are about to learn about Hyperliquid for the first time. Expect $CXMT to be another big splash for @tradexyz which just made new ATHs of $5.3B in daily volume. We are entering a new era of finance where anyone,
@frank_liquidTrade CXMT, the Chinese equivalent of Micron / SK Hynix / Samsung, on @liquidtrading.
@chainlinkgodRT @MuyaoShen: Late (in NYC) but a new story from me: @tradexyz started offering pre-IPO perps tied CXMT, China’s SK Hynix. Not surprised g…
@wublockchainHyperliquid Lists CXMT, Potentially A-Share’s Largest IPO and 4th-Largest DRAM Maker Following the listing of the “CSI STAR Market 50 ETF”, Hyperliquid has officially added ChangXin Memory Technologies (CXMT). As A-share listings such as C
@yoolimleenewsRT @business: The marquee listing of CXMT ignited a rush among retail investors as China’s homegrown memory giant opened books for an initi…
@reutersasiaCXMT'S Shanghai IPO more than 200 times oversubscribed by retail investors