Crypto markets are now pricing traditional IPOs before they even hit public markets
$RJIO pre-IPO perps on Bitget are trading at ~$110B valuation — 3.8% premium over the $106B IPO upper band
This is India's largest IPO ever, and degen traders are front-running institutional price discovery
We've seen this with $SpaceX and Cerebras perps too, though actual IPO prices often diverge from these early bets
Tokenized stocks and pre-IPO futures are quietly becoming the new alpha venue for macro plays outside traditional markets
If you're not watching these contracts, you're missing where real price discovery is moving
$RJIO pre-IPO perps on Bitget are trading at ~$110B valuation — 3.8% premium over the $106B IPO upper band
This is India's largest IPO ever, and degen traders are front-running institutional price discovery
We've seen this with $SpaceX and Cerebras perps too, though actual IPO prices often diverge from these early bets
Tokenized stocks and pre-IPO futures are quietly becoming the new alpha venue for macro plays outside traditional markets
If you're not watching these contracts, you're missing where real price discovery is moving
