Hyperliquid’s pre-market valuation of CXMT reaches $540 billion, surpassing Tencent

According to Odaily, Trade.XYZ today launched the pre-market contract for ChangXin Memory Technologies (CXMT) on the Hyperliquid HIP-3 market. The price peaked at $8.64 and has now retreated to around $8. According to statistics, CXMT's total share capital post-issuance is approximately 66.888 billion shares. Based on the current pre-market price, CXMT's market value is approximately $540 billion, surpassing Tencent ($526.5 billion) to rank 32nd globally in market capitalization.

It is reported that CXMT will initiate its new share subscription on the STAR Market (科创板) on July 16.