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FIGR_HELOC $1.07 Bitget lists 24/7 Jio pre-IPO futures ahead of Reliance listing
Bitget says JIOUSDT is the first pre-IPO perpetual contract on an Indian company listed by a global exchange, settling in USDT with no ownership of Jio shares.
Key takeaways
- $3.5 billion target. Jio Platforms is preparing an IPO expected to raise about $3.5 billion, according to the announcement.
- $106 billion valuation. The announcement puts the planned listing at a valuation of roughly $106 billion.
- 24/7 trading. The Bitget contract settles in USDT and lets traders take long or short positions 24 hours a day.
What happened
Bitget has listed JIOUSDT, a perpetual futures contract that tracks the pre-IPO valuation of Jio Platforms, the digital services arm of Reliance Industries. Bitget's chief executive announced the launch and said it is the first such contract tied to an Indian company to appear on a global exchange. The product lets traders bet on Jio's implied value in either direction, 24 hours a day, ahead of the company's stock market debut.
Jio Platforms is preparing an initial public offering expected to raise about $3.5 billion, at a valuation of roughly $106 billion. The announcement says the listing would be India's largest IPO on record. The Bitget contract settles in USDT, and holders get no ownership of Jio shares.
First $1.52Latest $1.33-12.5% over the period
Points are daily observations, not closing prices.
Why it matters
The listing gives crypto traders a way to trade the implied value of a private company around the clock, before its shares begin trading on a stock exchange. Bitget's chief executive presented the product as a first for an Indian company on a global venue. Because the contract is a perpetual future rather than equity, it changes how market participants can position on the IPO without giving them a stake in the company.
The planned offering is the reason the contract has drawn attention. The announcement puts the raise at about $3.5 billion and the valuation at roughly $106 billion, which it says would be a record for an Indian listing. A pre-IPO perpetual contract lets traders take a view on that implied value, but it carries no rights over Jio shares.
What is still unclear
- The report does not say when Jio Platforms plans to list its shares, or which exchange will host the offering.
- The report gives no detail on which regions or client types can access JIOUSDT on Bitget, and it lists no fee or margin terms.
Questions readers ask
What is JIOUSDT on Bitget?
JIOUSDT is a perpetual futures contract that Bitget has listed on the pre-IPO valuation of Jio Platforms. It settles in USDT and gives holders no ownership of Jio shares.
Does the Bitget Jio contract give me Jio shares?
No. The contract settles in USDT and does not give holders any ownership of Jio shares.
How big is the Jio Platforms IPO?
Jio Platforms is preparing an initial public offering expected to raise about $3.5 billion at a valuation of roughly $106 billion. The announcement says it would be India's largest IPO on record.
Is JIOUSDT the first pre-IPO contract on an Indian company?
Bitget's chief executive said the launch is the first pre-IPO perpetual contract tied to an Indian company on a global exchange.
Sources · 4 publishers
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Jio IPO News: Bitget Opens 24/7 Futures Trading On Reliance Jio Before Listing
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Ripple (XRP) Deepens Wall Street Push With 24/7 RWA Swaps for Institutions -
Ripple Prime Introduces 24/7 Real-World Asset Perpetual Swaps -
Ripple Prime Opens 24/7 Swaps on Stocks, Metals and Currencies, With Virtu Already Trading
