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CXMT’s official IPO price is only RMB 8.66, roughly $1.20 per share. At $6, the pre-IPO perpetual contract implies a valuation of more than $400 billion—nearly five times its IPO valuation.
CXMT’s official IPO price is only RMB 8.66, roughly $1.20 per share. At $6, the pre-IPO