derivatives
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Chip Firm Priced as Top China Company Pre-IPO on Crypto Exchange
China’s CXMT DRAM maker’s IPO is generating massive speculation in a nascent derivatives market, with offshore investors driving its perceived valuation to over $425 billion, far exceeding its offer price. This surge is due to limited access to the Shanghai STAR Market listing for international and mainland retail investors. Crypto traders on Hyperliquid are pricing the company at stratospheric heights, creating an arbitrage opportunity and highlighting the evolving role of decentralized finance in price discovery for inaccessible assets.
