According to ChainCatcher, decentralized trading platform Tradexyz has officially launched Pre-IPO perpetual futures contracts, a cash-settled derivative product designed for price discovery ahead of IPO launches. The platform clarified that Pre-IPO perpetual contracts are not stocks, IPO allocations, tokenized equity, or securities, and do not grant holders ownership, voting, dividend, or other rights in the issuer. Following an IPO, the market is expected to convert to standard external pricing perpetual contracts; if the IPO is delayed, fails, or materially changes, positions will be settled according to predefined mechanisms.
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