Bitget launches US stock IPO subscription service, initially supporting stablecoin subscriptions for SpaceX
Bitget has launched the US stock IPO subscription service IPO Prime, further extending the UEX boundary into the primary market, aiming to break the traditional private equity investment threshold and provide global users with a new channel to participate in the potential economic benefits before unicorn companies go public. The first asset launched is preSPAX, a digital token issued by the regulated issuer Republic, designed to mirror the economic performance of SpaceX after its IPO on a 1:1 basis. SpaceX (Space Exploration Technologies Corp.) was founded by Elon Musk in 2002.Bitget IPO Prime adopts a subscription model, allowing users to obtain corresponding subscription quotas based on their VIP levels. After the token allocation is completed, users can trade in the upcoming over-the-counter market; they can also exchange for stock tokens or USDT, as instructed by the issuer, referencing the market price of the underlying company's stock after the lock-up period of the preSPAX underlying debt asset ends.Details of IPO Prime:Implied valuation of SpaceX: $1.5 trillionTotal subscription amount for IPO Prime: 94,000Total subscription value: $61,100,000Subscription price: 1 preSPAX = $650Investment currencies: USDT or USDGOTotal investment pool cap: $1,000,000,000Individual investment range: $1,000-$300,000Investment period: April 18, 14:00:00 to April 21, 14:00:00 (UTC+8)Allocation time: April 21, 14:00:00 to April 21, 18:00:00 (UTC+8)Over-the-counter trading opening time: April 21, 20:00:00 (UTC+8)