Crypto traders are pricing Jio Platforms at about $110 billion through Bitget's JIOUSDT perpetual contract, which traded near $12, a roughly 4% premium to the top of the IPO price band, while the public subscription remains open. The contract launched on Oct. 14, has traded between $11.48 and $12.24, and generated about $4.4 million in volume, but it carries no shares, voting rights or dividends. It could swing sharply if the IPO is delayed, repriced or canceled. Jio Platforms is the telecom and digital arm of Reliance Industries, and the IPO seeks about 302 billion rupees, the largest in India's history, surpassing Hyundai Motor India's 279 billion-rupee sale in 2024. Similar contracts for SpaceX traded before its debut and implied a $2.2 trillion valuation, while the company's official IPO valuation was almost 20% lower at $1.8 trillion.
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BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/21/2026 | 84,093.42 |
| Change that session | +1.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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