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Binance will 16:30 list Oura Inc. Pre-IPO perpetual contracts

PANews September 23 news: Binance Futures will list the OURAUSDT Ⓢ-M Pre-IPO perpetual contract, and the contract will 16:30 begin trading on Binance RIE, with the underlying being Oura Inc. shares planned for listing on Nasdaq, corresponding to an estimated total share capital of approximately 321000000 shares. The contract supports up to 20 x leverage, with the settlement asset being USDT, and the minimum order quantity being 0.01 OURA. During the Pre-IPO trading period, the funding rate will be fixed every 8 hours at 0.005%, after which it will be adjusted to the standard contract funding-rate rules. If the IPO listing fails, the relevant Pre-IPO perpetual contract will be removed; if the listing succeeds, the contract will transition from a Pre-IPO perpetual contract to a standard TradFi perpetual contract as announced.

Source: https://www.panewslab.com/zh/articles/01a0cd21-7338-77fb-9391-ca249f22be58