Tradexyz Document Adds Pre-IPO Feature, Potentially Enabling Pre-IPO Stock Exposure Trading

Odaily Odaily reported that Hyperliquid News posted on X platform saying that Tradexyz has added a Pre-IPO market feature to its documentation. This system allows users to gain exposure to stocks before their public listing.

This market oracle prices assets based on the company's latest funding round, with the market determining the price via Hyperp. Upon IPO completion, the perpetual contract automatically converts at the IPO price. If no IPO occurs, it settles at the average Pre-IPO price. The CBRS Pre-IPO market is now tradable, with an expected IPO date of May 7.