Jio Platforms IPO enters crypto markets as Bitget launches pre-IPO futures for valuation bets
Reliance Industries launched an initiative in an ipo & listings development.
· Business Today Mkts
Crypto exchange Bitget has launched Jio Platforms pre-IPO perpetual futures, allowing crypto traders to speculate on the company's valuation ahead of its mega IPO.
The analysis
Against that, the stock is -0.7% on the day at ₹1,206.40, and has returned -6.2% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -1.7% over the same period, so Reliance Industries is running 4.5 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy.
In this story
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