Bitget has launched a pre-IPO perpetual futures contract tied to Reliance Jio Platforms, allowing traders to speculate on the company’s valuation ahead of its initial public offering (IPO). The contract, named JIOUSDT, offers up to 20x leverage and can be traded 24/7, settled in USDT. Jio’s IPO is set to open on October 21, 2026, with a reported grey market premium of ₹250.
The JIOUSDT contract has been trading since October 14, with its price hovering near $11.9. Perpetual futures contracts have no expiry, and funding fees are settled every eight hours to keep prices aligned with the underlying market. Traders can use this instrument to capture speculation around the IPO, subscription demand, and grey market premium.
As of Sunday, October 18, the grey market premium for Jio’s IPO increased to ₹250, suggesting a potential listing price of ₹1,369, which would represent a 22.34% gain. Jio Platforms Limited is a leading technology platform with a subsidiary, Reliance Jio Infocomm Limited, boasting 533.3 million customers as of June 30, 2026.
The IPO will open for subscription on October 21 and close on October 23, with the allotment finalized on October 26 and listing expected on October 28.