Crypto traders have valued Indian telecom giant Reliance Jio at approximately $110 billion through pre-IPO contracts on Bitget, as its initial public offering (IPO) proceeds. Jio contracts on Bitget are trading near $12, about 4% higher than the company's maximum set offering price. This IPO is the largest in India's history.
The JIOUSDT perpetual contract on Bitget launched on October 14, with trading prices fluctuating between $11.48 and $12.24 and a total trading volume of approximately $4.4 million. This indicates that crypto platforms are emerging as new channels for price discovery in large IPOs, although their accuracy does not always align with final valuations.
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Crypto traders value Indian telecom company Reliance Jio's IPO at approximately $110 billion.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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