Trade.xyz Launches SHEIN Pre-IPO Perpetual Contract Market

BlockBeats News, August 27, according to official sources, Trade.xyz announced that the SHEIN Pre-IPO market is now live. This market reflects the expected pricing of SHEIN Global Holdings Limited Class B common stock per share. SHEIN is expected to be listed on the Hong Kong Stock Exchange on September 1, with the stock code 0625. Currently, the IPO price range for SHEIN's Hong Kong shares is set between HK$47.60 and HK$49.50. Trade.xyz stated that after SHEIN's listing, the oracle will convert the Hong Kong stock price into USD based on the prevailing USD/HKD exchange rate.