- Coinbase is facilitating Oura's IPO access, utilizing CCM as its FINRA-registered broker-dealer arm.
Bybit Launches OURAUSDT Pre-IPO Perpetual Contract
1 report, 1 independent
Updated Sep 23
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Bybit launched OURAUSDT, a pre-IPO perpetual contract, which began trading on September 22 at 13:30 UTC. The contract tracks the implied pre-IPO valuation of Oura and allows users to trade with leverage up to 25x. Traders holding the contract do not receive Oura shares or IPO allocations.
From newsbtc.com
Why it matters
The contract provides leveraged synthetic exposure to Oura's valuation before its stock is available. This allows private-company valuation discovery to occur on crypto derivative platforms.
From newsbtc.com
Who's involved
- BybitLaunched the pre-IPO perpetual contract for Oura.
- OuraThe company whose implied valuation is being tracked by the contract.
- Goldman SachsServing as the lead underwriter for Oura's Initial Public Offering.
- RobinhoodContracted to serve as an underwriter for Oura's upcoming Initial Public Offering.
- Tom HaleServes as the chief executive of Oura.