Bitget Lists 24/7 Jio Platforms Futures Ahead of Planned IPO

Bitget listed JIOUSDT on Wednesday, Oct. 14, adding a perpetual futures contract tied to Jio Platforms’ pre-IPO pricing as the Indian company prepares to open its offering next week.

The contract is settled in Tether (USDT), trades 24 hours a day and offers leverage of up to 20x. Funding fees are settled every eight hours.

Jio Platforms is the digital technology and telecommunications business of Reliance Industries. The company plans to raise up to $3.2 billion through an IPO scheduled to open Wednesday, Oct. 21, and close Oct. 23. Its IPO price band and schedule set the price at ₹1,065 to ₹1,119 per share.

Jio plans to sell up to 270 million new shares, with as much as $2.9 billion in proceeds designated to repay debt at its telecom subsidiary, Reliance Jio Infocomm.

Bitget does not provide or endorse an implied valuation for the contract. The estimated share count is for reference only.