Aster's Asteroid Eyes Oura IPO with Pre-IPO Perpetual

Aster has launched a pre-IPO perpetual futures contract tied to Oura Health's upcoming IPO, allowing crypto traders to speculate on the Finnish smart ring maker's public market debut with up to 20x leverage.

The OURA/USD1 Pre-IPO Perpetual went live on September 23, just two days after Oura kicked off its IPO roadshow. Oura is targeting a Nasdaq listing under the ticker 'OURA,' with plans to offer 50 million shares priced between $40 and $44.

This contract is a synthetic perpetual future, tracking the market-implied price per share of Oura without conferring any actual equity ownership. Traders are placing bets on where they think the stock will land, not buying a slice of the company itself.