Hyperliquid Lists Changxin Technology Perpetual Futures at $7.2 on July 15 Ahead of A-Share IPO

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According to Guru Club, Hyperliquid listed perpetual futures contracts for Changxin Technology at $7.2 per share (approximately 52 yuan) on July 15, the eve of the semiconductor company's IPO debut on Shanghai's STAR Market. The on-chain pricing implies a total market valuation of roughly 3.5 trillion yuan, approximately six times the IPO offering value of 579 billion yuan at 8.66 yuan per share. Trading activity remained modest, with 1.32 million dollars in volume and 2.41 million dollars in open interest within 24 hours of listing.
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