Traders Place Pre-IPO Bets on Micron Rival ChangXin Memory Technologies
Chinese DRAM chipmaker ChangXin Memory Technologies (CXMT) is preparing for an IPO expected to raise at least $8.6 billion, potentially becoming Asia's largest share sale this year. Traders are already placing pre-IPO bets on CXMT via Hyperliquid, a decentralized exchange offering leveraged futures contracts.