Bitget Opens IPO Prime, Brings Pre-IPO Access to Retail Users

• Bitget opens IPO Prime, giving public access to pre-IPO tokens like preSPAX.
• Users subscribe with stablecoins and trade tokens immediately after allocation.
• preSPAX reflects company performance, offering early access with real-time liquidity.

Bitget Exchange has launched subscriptions for IPO Prime, a new platform to give everyday users access to pre-IPO opportunities through tokenized assets.

The move marks a new phase in how crypto platforms are blending traditional finance with digital markets. Notably, the first offering on the platform is preSPAX, a token linked to SpaceX.

Subscription Window and Trading Timeline

The subscription period for preSPAX runs from April 18, 2026, 06:00 UTC to April 21, 2026, 06:00 UTC. After that:

• Tokens will be distributed between 06:00 and 10:00 UTC on April 21
• Spot trading begins at 12:00 UTC the same day

This setup allows users to start trading immediately after receiving their allocations, rather than waiting for a public listing event.

How IPO Prime Works

IPO Prime uses tokenized instruments that track the economic performance of companies after they go public. Instead of owning shares directly, users gain exposure to how those companies perform.

The subscription model is also different. Users commit funds using stablecoins, and allocations are distributed based on total demand. This replaces fixed allocations with a more flexible system that adjusts depending on participation.

One key feature of IPO Prime is that it combines early access with instant tradability. Once tokens are distributed, users can buy or sell them in the spot market.

This introduces continuous price discovery at a stage where traditional pre-IPO investments are usually locked and illiquid.

Bitget CEO Gracy Chen said the goal is not just early access, but also flexibility. Users can adjust their positions in real time, changing how pre-IPO opportunities are approached.

Structured and Compliant Framework

Assets on IPO Prime are issued through Republic, a compliant partner. These tokens are designed to track financial outcomes rather than represent direct equity ownership.

This structure allows broader participation while staying within a regulated framework.

Expanding the Universal Exchange Model

IPO Prime is part of Bitgets broader Universal Exchange (UEX) vision, which combines multiple asset classes in one platform. The exchange already offers access to crypto tokens, tokenized stocks, ETFs, commodities, and more.