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May 1 4 tweets 2 min read
Introducing Pre-IPO Perpetuals (IPOP).

The weeks before an IPO are some of the most consequential in a company’s price history, and historically, the least observable. Private market quotes are stale and gated and Public markets haven’t started trading yet. Peak interest coincides with an absence of prices.

We’re introducing IPOP markets on XYZ to change that. IPOP markets are perpetual contracts that enable 24/7 price discovery of companies approaching a public listing, trade on share price rather than market cap, and convert to standard XYZ perpetuals after the IPO.

Cerebras, one of the world’s leading AI infrastructure companies has filed for a public listing and is the first IPOP market, live now.