Iggy Ioppe(@iggyioppe):Great talking with the team at @FinancialTimes about this. Here's another part that didn't make the piece: a pre-IPO perp is a market opinion on a company that has no market yet. Access is just one part of the story -> price discovery on an asset that doesn't trade is the more interesting one.

Iggy Ioppe

@iggyioppe

CIO @Theo_Network. Prev: Co-Head @PolygonVentures, Head of Long/Short @CreditSuisse, @BainCapital, @HarvardHBS.

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Iggy Ioppe@iggyioppe

2026.07.27 11:37

Great talking with the team at @FinancialTimes about this. Here's another part that didn't make the piece: a pre-IPO perp is a market opinion on a company that has no market yet. Access is just one part of the story -> price discovery on an asset that doesn't trade is the more interesting one.

Theo@Theo_Network

2026.07.27 10:54

Onchain markets are moving past representing assets to running real markets in them. Our CIO @iggyioppe spoke with @FinancialTimes on how pre-IPO perps price a company before it lists, then converge with the stock once it trades.