Crypto Traders Value Reliance Jio IPO at About $110 Billion on Bitget Contract
A pre-IPO perpetual futures contract on Bitget prices Reliance's Jio Platforms roughly 4% above its IPO upper band as India's largest share sale stays open for subscription.
AfroEuropa Newsroom
AfroEuropa desk
Traders on the crypto exchange Bitget are valuing Reliance Industries' Jio Platforms at around $110 billion through a pre-IPO perpetual futures contract, according to reports from CoinDesk and BitKE. That figure sits roughly 4% above the approximately $106 billion valuation implied by the upper end of the initial public offering's price band.
The contract, listed as JIOUSDT, launched on October 14, 2026 and was trading slightly above $12 at the time of reporting. BitKE reported it had generated about $4.4 million in trading volume. The instrument trades continuously and offers leveraged exposure, letting traders take positions on Jio's valuation before the shares begin public trading. According to the sources, the contracts carry no equity ownership.
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