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Hyperliquid Lists Changxin Technology Perpetual Futures at $7.2 Per Share Ahead of July 16 IPO

GateNews
Derivatives Data
HYPE3.08%
According to Guru Club, Hyperliquid, a decentralized derivatives platform, listed perpetual futures contracts for Changxin Technology on July 15, pricing them at $7.2 per share (approximately 52 yuan) ahead of the July 16 subscription. Based on post-IPO shares of 6.688 billion, the implied market cap stands at approximately 3.5 trillion yuan, roughly 6 times the IPO offering value of 579 billion yuan. Within 24 hours of launch, the contract generated $1.32 million in trading volume with $2.41 million in open interest. This marks the first instance of on-chain pre-listing derivatives targeting an A-share STAR Market (ChiNext) IPO.
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