NEAR Adds Confidential Jio Pre-IPO Trading Contract
Edited by Steinar Vigdel Kolnes, Editor, Oslo
NEAR has added confidential pre-IPO trading tied to Jio, with leverage of up to 5x and a planned transition to an equity perpetual after listing, The Defiant reports.
NEAR has introduced a confidential trading contract tied to Jio ahead of its stock market listing, according to The Defiant.
The pre-IPO contract supports leverage of up to 5x. It is expected to transition into an equity perpetual contract once Jio lists.
The product does not deliver Jio shares or provide an allocation in the IPO, distinguishing it from direct participation in the share offering.
Source: The Defiant
