Trade.xyz launches SHEIN Pre IPO perpetual contract market

Trade.xyz has launched the SHEIN Pre IPO market, which reflects the expected price per share of SHEIN Global Holdings Limited's Class B common stock. SHEIN is expected to be listed on the Hong Kong Stock Exchange on September 1, with stock code 0625. The current IPO price range for Hong Kong stocks is between HKD 47.60 and HKD 49.50. After SHEIN's listing, it is expected that the market will convert the Hong Kong stock price into USD based on the then current USD/HKD exchange rate.