PANews reported on April 10th that Bitget launched IPO Prime, a US stock IPO subscription service, further extending UEX's reach into the primary market. This initiative aims to break down traditional private equity investment barriers and provide global users with a new channel to participate in the potential economic benefits of unicorn companies before their IPOs. The first asset listed is preSPAX, a digital token issued by the regulated issuer Republic, designed to mirror SpaceX's post-IPO economic performance on a 1:1 basis. SpaceX (Space Exploration Technologies Corporation) was founded by Elon Musk in 2002.
Bitget IPO Prime adopts a subscription model, where users can obtain corresponding subscription quotas based on their VIP levels. After the token allocation is completed, users can trade them on the soon-to-be-opened over-the-counter market; alternatively, after the lock-up period of the underlying debt assets of preSPAX ends, the issuer will entrust Bitget to exchange them for stock tokens or USDT, referencing the stock market price of the underlying company.
IPO Prime Details:
SpaceX's implied valuation: $1.5 trillion
- IPO Prime subscription total: 94,000
- Total subscription value: $61,100,000
- Subscription Price: 1 preSPAX = $650
- Deposit currency: USDT or USDGO
- Total cap for the investment pool: $1,000,000,000
- Individual investment range: $1,000 - $300,000
- Operation period: April 18, 14:00:00 to April 21, 14:00:00 (UTC+8)
- Allocation period: April 21, 14:00:00 to April 21, 18:00:00 (UTC+8)
- Over-the-counter trading opens: April 21, 20:00:00 (UTC+8)
