Bybit to list OURAUSDT on Pre-IPO TradFi Perpetual platform on September 22, 2026.
RWA & Tokenization ·
Bybit will launch trading in OURAUSDT Pre-IPO TradFi Perpetual Contracts on September 22, 2026, at 1:30 PM UTC. The product grants leveraged exposure to Oura Inc's estimated valuation ahead of its anticipated initial public offering. A call auction will initiate the launch, followed by order withdrawal availability for 20 minutes, match-making after 25 minutes, and continuous trading 30 minutes after the opening if match-making succeeds.
The contracts are cash-settled derivatives priced on estimated share counts multiplied by approximated per-share valuations, rather than actual equity ownership. Before official share data emerges—such as through an S-1 regulatory filing—one contract represents roughly 1/320945459 of the company's projected market capitalization. Bybit may perform a proportional rebalance once actual share figures become available, adjusting contract specifications while keeping position values substantially intact.
Contract mechanics remain subject to adjustment by Bybit at any time without notice. If the IPO is canceled or restructured, the exchange may delist the contract or settle at its discretion. Upon successful IPO completion, the synthetic instrument will convert to a standard TradFi Perpetual Contract. Pre-IPO trading carries heightened risk, including potential total loss of margin due to leverage and typical pre-IPO volatility; product availability varies by jurisdiction.