Trade.xyz launches pre-IPO perpetual contract market for SHEIN

Odaily News, Trade.xyz announced that the pre-IPO market for SHEIN is now live. The market reflects the market's pricing expectations for the per-share price of SHEIN Global Holdings Limited's Class B ordinary shares. SHEIN is expected to list on the Hong Kong Stock Exchange on September 1 under the ticker symbol 0625. Currently, the IPO price range for SHEIN's Hong Kong listing is set between HKD 47.60 and HKD 49.50 per share. Trade.xyz stated that after SHEIN's listing, the oracle will convert the Hong Kong stock price into US dollars based on the prevailing USD/HKD exchange rate at that time.