Trade.xyz launches pre-IPO perpetuals for Chinese chipmaker CXMT ahead of $9.8 billion Shanghai listing
Bloomberg •
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Promote with Leviathan NewsTrade.xyz reserved the CXMT ticker on Hyperliquid for 500 HYPE, about $32,625, and plans to launch the cash-settled perp before the Chinese DRAM maker lists in Shanghai on July 27. The contract offers 24/7 synthetic exposure, not equity, while CXMT’s IPO is set to raise $8.55 billion at 8.66 yuan per share, or up to $9.8 billion with the greenshoe.
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