Bitget launches US IPO subscription service, initially supporting stablecoin subscriptions for SpaceX.

Bitget has launched its first US IPO subscription service, IPO Prime, further extending the boundaries of UEX 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 initial asset listed is preSPAX, a digital token issued by the regulated issuer Republic, designed to mirror the post-IPO economic performance of SpaceX on a 1:1 basis. SpaceX was founded by Elon Musk in 2002. Bitget IPO Prime uses a subscription model, with users receiving subscription quotas based on their VIP level. After token allocation, users can trade on the soon-to-be-opened over-the-counter market; alternatively, after the lock-up period for the underlying debt assets of preSPAX ends, the issuer, through Bitget, will reference the target company's stock market price to exchange preSPAX for stock tokens or USDT. IPO Prime Details: - SpaceX Implied Valuation: $1.5 trillion - Total IPO Prime Subscriptions: 94,000 - Total Subscription Value: $61,100,000 - Subscription Price: 1 preSPAX = $650 - Investment Currency: USDT or USDGO - Total Investment Pool Cap: $1,000,000,000 - Individual Investment Range: $1,000-$300,000 - Investment 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) - OTC Trading Opening Time: April 21, 20:00:00 (UTC+8)