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Chip firm priced as most valuable China firm pre-IPO on crypto site

Chip firm priced as most valuable China firm pre-IPO on crypto site

The CXMT logo is displayed on a smartphone screen placed on a reflective surface on which the flag of China is projected, in Creteil, France, on July 17, 2026, as the initial public offering (IPO) of Chinese DRAM memory chip giant ChangXin Memory Technologies generated interest and raised nearly 8.6 billion dollars on Shanghai’s STAR Market.

Nurphoto | Nurphoto | Getty Images

Crypto traders are pricing China’s largest memory chipmaker, ChangXin Memory Technologies, at levels that would make it the most valuable company listed on the mainland, days before its record Shanghai debut.

Crypto startup Trade.xyz offers the CXMT-linked contract on Hyperliquid, a decentralized derivatives exchange, enabling investors to speculate on the…

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