POPA ReconTradeXYZ launches Pre-IPO Stock Perpetual Contracts
TradeXYZ launches Pre-IPO Stock Perpetual Contracts IPOPs - a new derivatives category that lets traders speculate on private companies before they hit public markets. The first market launched on May 1 with Cerebras (CBRS), the AI chip startup expected to IPO on May 15. These are cash-settled perps referencing a company's anticipated public equity value, with initial reference prices set from S-1 filings, recent funding rounds, secondaries, and comparable multiples. Once the company lists, the contract auto-converts to a standard equity perp using external oracle data. 🔗 docs.trade.xyz…
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