TOTAL VOLUME:
$97.1b
24H VOL:
$537,357,392
24H TRANSACTIONS:
949,851,807
OPEN INTEREST:
$2,309,828,173
825,223
Markets across
14,759
events
MATCHED EVENTS:
901
PLATFORM COVERAGE:
5
Polymarket:
45%
VS.
Kalshi:
55%
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$20
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长鑫科技 (ChangXin Memory Technologies Group Co., Ltd. / "CXMT") has received regulatory approval to IPO. This market will resolve according to CXMT's rank by total market capitalization (总市值) among all A-share securities listed and actively trading on the Shanghai, Shenzhen, and Beijing stock exchanges, measured at the official closing price on CXMT's first day of trading on the Shanghai Stock Exchange STAR Market. "Total market capitalization" (总市值) is defined as the number of outstanding shares multiplied by the official closing share price on the resolution day. If the company achieves the market capitalization rank listed in the title, this market will resolve to “Yes”. Otherwise, it will resolve to “No”. If CXMT has not completed its IPO and begun trading on the Shanghai Stock Exchange STAR Market by December 31, 2026, 23:59 ET, the market will resolve to "No IPO in 2026". If no official closing price for CXMT is published on its first day of trading (for example, due to a full-day trading suspension), the market will resolve according to the next trading day on which an official closing price for CXMT is published, treating that day as the first day of trading. In the case of an exact tie in market capitalization between CXMT and another company, this market will resolve according to the company with the highest rank as listed on Eastmoney's 沪深京A股 board. If both companies were shown as having the same rank, CXMT will be considered to have the higher rank. The official resolution source for this market will be Eastmoney's 沪深京A股 board (https://quote.eastmoney.com/center/gridlist.html#hs_a_board), specifically with the indicator (自选指标) set to 总市值 and sorted by 总市值 descending, captured as soon as the closing share price is available, and before the next day of trading has closed. If this source is unavailable, or returns inconsistent data, resolution will defer to (i) the Shanghai Stock Exchange (sse.com.cn), Shenzhen Stock Exchange (szse.cn), and Beijing Stock Exchange (bse.cn) official listing pages, and if still unresolved, (ii) another widely recognized financial data source such as Wind, Choice, or Tonghuashun (同花顺).
长鑫科技 (ChangXin Memory Technologies Group Co., Ltd. / "CXMT") has received regulatory approval to IPO. This market will resolve according to CXMT's rank by total market capitalization (总市值) among all A-share securities listed and actively trading on the Shanghai, Shenzhen, and Beijing stock exchanges, measured at the official closing price on CXMT's first day of trading on the Shanghai Stock Exchange STAR Market. "Total market capitalization" (总市值) is defined as the number of outstanding shares multiplied by the official closing share price on the resolution day. If the company achieves the market capitalization rank listed in the title, this market will resolve to “Yes”. Otherwise, it will resolve to “No”. If CXMT has not completed its IPO and begun trading on the Shanghai Stock Exchange STAR Market by December 31, 2026, 23:59 ET, the market will resolve to "No IPO in 2026". If no official closing price for CXMT is published on its first day of trading (for example, due to a full-day trading suspension), the market will resolve according to the next trading day on which an official closing price for CXMT is published, treating that day as the first day of trading. In the case of an exact tie in market capitalization between CXMT and another company, this market will resolve according to the company with the highest rank as listed on Eastmoney's 沪深京A股 board. If both companies were shown as having the same rank, CXMT will be considered to have the higher rank. The official resolution source for this market will be Eastmoney's 沪深京A股 board (https://quote.eastmoney.com/center/gridlist.html#hs_a_board), specifically with the indicator (自选指标) set to 总市值 and sorted by 总市值 descending, captured as soon as the closing share price is available, and before the next day of trading has closed. If this source is unavailable, or returns inconsistent data, resolution will defer to (i) the Shanghai Stock Exchange (sse.com.cn), Shenzhen Stock Exchange (szse.cn), and Beijing Stock Exchange (bse.cn) official listing pages, and if still unresolved, (ii) another widely recognized financial data source such as Wind, Choice, or Tonghuashun (同花顺).
Prediction market odds on Predict represent crowdsourced expectations from active traders, while analyst forecasts typically rely on equity research reports and industry models. Analysts may publish pre-IPO valuations and peer comparisons through investment banks or research firms, but these are often point estimates rather than probability distributions. The prediction market allows continuous repricing as new information emerges—earnings guidance, competitive announcements, or market conditions—whereas analyst reports update less frequently. Comparing the two reveals whether traders are pricing in more bullish or bearish scenarios than published research consensus.
On Predict, the CXMT market cap ranking event is priced through a continuous order book where traders buy and sell shares corresponding to each possible outcome. On Predict, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price of each outcome share reflects the market's collective belief in that ranking scenario. Traders profit if their chosen outcome resolves true and lose if it does not. Prices range from near zero for unlikely rankings to higher levels for consensus favorites. As the IPO date approaches and new information surfaces—such as final pricing, demand signals, or comparable company valuations—prices adjust dynamically to reflect updated probabilities.
The market resolves on Jan 1, 2027, which corresponds to the end of CXMT's IPO date. Resolution is determined by CXMT's final market capitalization ranking relative to other semiconductor and memory companies at that time. The outcome reflects where CXMT stands in the global market cap hierarchy once trading concludes on the IPO day. Official market data sources provide the definitive ranking used for settlement. This timing captures the immediate post-IPO valuation snapshot, reflecting investor demand and pricing on the debut trading session.
Key catalysts include CXMT's final IPO pricing and share count announcement, which directly determine initial market cap. Competitive developments in memory chip manufacturing—such as capacity expansions or technology breakthroughs by rivals—can shift relative valuations. Broader semiconductor sector sentiment, driven by supply-chain news, geopolitical factors, or demand cycles, influences investor appetite for new entrants. Pre-IPO guidance on margins, production capacity, or customer wins will shape expectations. Market conditions on IPO day itself, including overall equity market performance and sector momentum, determine final trading prices and thus CXMT's ranking among peers at close.
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