Trade.xyz Opens IPOP Market for JIO Before Jio Platforms Completes IPO

Trade.xyz has brought an IPOP market live for Jio Platforms Limited, offering a dollar-denominated pre-IPO perpetual tied to one common share before the company completes its IPO. IPOP is the name of the market; JIO refers to the share-linked contract. Before an IPO is completed, its price reflects expectations for the common share’s value. The contract is denominated in U.S. dollars. Completion of Jio Platforms’ IPO would trigger an expected shift: the JIO contract would then operate as a standard XYZ perpetual.

Source: TokenPost