Crypto traders price India telecoms company Reliance Jio’s IPO at about $110 billion
The pre-IPO Jio contract on Bitget is trading near $12, a roughly 4% premium on the top price band, as India’s largest public offering remains open for subscription.
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Summary
- Crypto traders valued Jio Platforms at about $110 billion through a Bitget perpetual contract, a 3.8% premium to the roughly $106 billion valuation implied by the IPO’s upper price band.
- The JIOUSDT contract, which debuted Oct. 14, has generated about $4.4 million in volume, offering price discovery before Jio’s shares begin trading publicly.
- The contract provides leveraged price exposure but no shares, voting rights or dividends, and it could swing sharply if the IPO is delayed, repriced or canceled.
