Bitget traders value Reliance Jio IPO at roughly $110 billion

Crypto traders are pricing Reliance Jio’s initial public offering at an implied valuation of about $110 billion, according to trading in a pre-IPO contract on the Bitget exchange. The contract was changing hands near $12, roughly 4% above the top end of the company’s IPO price band.

A crypto-market signal around a major IPO

The Bitget contract offers a market-based indication of how participants in a crypto trading venue are valuing the planned listing. Its price is above the upper end of the formal IPO range, suggesting that traders using the contract are positioning for a valuation higher than the top price band currently available to public-market subscribers.

That signal comes while the offering remains open for subscription. Reliance Jio’s deal is described as India’s largest public offering, making its pricing closely watched beyond traditional equity markets. The appearance of a related contract on a crypto exchange gives digital-asset traders a way to express a view on the outcome of a conventional stock-market listing.

What the contract does — and does not — show

The roughly $110 billion figure reflects the level implied by trading in the pre-IPO instrument, rather than a confirmed post-listing market value. The contract’s premium to the top price band also represents current trading activity on Bitget, not a guarantee of where Reliance Jio’s shares will ultimately trade.

For markets observers, the listing illustrates how crypto venues are extending their reach into events traditionally associated with equity markets. It also highlights the difference between an exchange-traded expectation and the final pricing or market performance of an IPO. As subscriptions continue, the contract’s price provides a real-time reference for crypto traders following one of India’s most closely watched offerings.

Source: Coindesk