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Long Shine Futures List at $7.2 Before IPO, Trading at Hyperliquid

2026-07-19 06:13:04

HYPE4.12%

According to Guru Club, Long Shine Technology's permanent futures contracts were launched on Hyperliquid on July 15, trading overnight before the stock's July 16 IPO on the Shanghai Stock Exchange. The contracts priced at $7.2 (approximately 52 yuan per share), compared to the IPO price of 8.66 yuan per share, implying a valuation of about 3.5 trillion yuan, roughly six times the IPO offering value of 579 billion yuan. Within 24 hours of listing, the contracts recorded trading volume of $1.32 million with open interest of $2.41 million.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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