PANews reported on May 30th that, according to official sources, Gate Research recently released a report titled "Under the Epic IPO Wave, Can Pre-IPO Tokens Usher in the Era of Retail Investors in the Primary Market?" The report points out that 2026 will see a "super IPO cycle" in the global capital market. SpaceX, OpenAI, and Anthropic, three of the world's most influential tech unicorns, are accelerating their IPO plans, with a total valuation approaching $4 trillion. This super IPO wave will also have a profound impact on the liquidity of the crypto market. In the short term, institutional and high-net-worth investors participating in IPO allocations may put temporary pressure on the liquidity of the crypto market; however, as IPO lock-up periods expire, AI-related sectors, high-performance public chains, and blue-chip assets such as BTC and ETH are expected to absorb new funds and benefit from the wealth spillover effect.

Meanwhile, the crypto industry is lowering the barriers to entry in the traditional primary market through pre-IPO products. SpaceX (SPCX), Gate's first pre-IPO project, introduced SpaceX stock hedging exposure and mirrored notes, providing users with a trading path closer to the true market value of target companies. With its low entry barriers, no hidden fees, and 24/7 pre-market trading, SPCX raised nearly $395 million, reflecting the market's high level of interest and strong enthusiasm for high-quality pre-IPO assets. In the future, Gate will continue to expand its offerings with more high-quality assets and innovative product formats, driving the market towards greater efficiency and diversification.