BlockBeats News, July 26th, ChangXin Memory Technology will be listed on the Shanghai Stock Exchange Sci-Tech Innovation Board on July 27th. The initial market cap is about 580 billion yuan, and ChangXin is expected to challenge the position of the world's third-largest DRAM supplier. The IPO price of ChangXin Memory Technology is 8.66 yuan per share, with 9.4288 million valid online subscription accounts. The final online lottery rate has increased to 0.4714%, setting a new record for IPO on the Sci-Tech Innovation Board. The total fundraising amount after full exercise of the over-allotment option can reach as high as 66.6 billion yuan.According to Hyperinsight monitoring, the Pre-IPO contract price of CXMT (ChangXin Memory, the listed entity of ChangXin Memory Technology) on Hyperliquid is currently trading at $6.087, corresponding to a price of 41.2 yuan in RMB. Based on the post-issuance total share capital of 66.881 billion shares, the on-chain implied market cap is about $407.1 billion, equivalent to approximately 27.6 trillion yuan.Based on this market cap calculation, the cost of subscribing for 500 shares per lot for retail investors through online application is 4,330 yuan, with an estimated market value of 20,600 yuan for 500 shares on the first day of trading. The profit per lot is about 16,000 yuan.Established in 2016, ChangXin Memory Technology is China's largest and most technologically advanced DRAM R&D and manufacturing integrated enterprise. By Q4 2025, ChangXin Memory Technology's global DRAM market share is expected to reach 7.67%, ranking fourth globally and first in China. In Q1 2026, the company's revenue is 50.8 billion yuan, a year-on-year increase of 719%, and the net profit attributable to the parent company is 24.762 billion yuan, a year-on-year surge of 1,688%. It is estimated that the net profit attributable to the parent company for the first half of the year will be between 50-57 billion yuan.