Open the investment gateway before the IPO: Gate Digitalization Pre-IPO Mechanism Analysis

Gate Reshaping Pre-IPO Participation Models

Gate establishes an online Pre-IPO investment portal, gradually opening a market traditionally limited to institutions or high-net-worth individuals to a broader range of investors. The core of this design lies in simplifying traditional processes and breaking through geographical and identity barriers, making cross-market investing more feasible.

Compared to the past reliance on complex application procedures, the digital mechanism offers a more intuitive participation path, allowing investors to access potential listing targets earlier.

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Stablecoin-Driven Subscription Method

In terms of fund usage, Gate uses stablecoins as the primary participation medium, aligning the overall process more closely with digital asset trading logic. Investors no longer need traditional brokerage accounts or complex fund conversions to complete subscriptions.

Advantages of this model include:

• Simplified fund flow processes
• Lower participation barriers
• Increased trading efficiency

At the same time, it also provides more small and medium investors the opportunity to engage in investment stages that were previously difficult to access.

Multi-Asset Integration Trading Ecosystem

In addition to the Pre-IPO mechanism, Gate continues to expand its asset portfolio by incorporating traditional financial products into the digital trading system. The platform currently covers various asset types, including stocks, indices, forex, and commodities. This integration not only enhances asset allocation flexibility but also enables investors to perform cross-market operations within a single platform, gradually forming a diversified trading environment.

A Bridge Connecting Global IPO Markets

Through this new mechanism, investors can directly access investment opportunities in international pre-listing companies without facing the high capital thresholds or cumbersome procedures that were common in the past.

First Featured Asset: SpaceX (SPCX)

Gate Pre-IPO’s first project focuses on SpaceX, with a corresponding asset issued called SPCX. These products are designed as market participation tools for unlisted companies, allowing users to engage with potential valuation changes before the IPO.

Subscription period: April 20, 2026, 18:00 to April 22, 2026, 18:00 (UTC+8)

SPCX Positioning: Mirrored Investment Vehicle

SPCX is a structured mirrored asset with a contingent yield mechanism, designed to reflect the valuation trends of the target company. Through the platform’s hedging strategies, users can participate in the price movements of unlisted companies at different stages without directly holding equity.

Post-Subscription Operation Mechanism

Once the subscription process ends, SPCX will be fully unlocked and enter pre-market trading. After the target company completes its IPO and lock-up period, users can choose exit methods based on their needs, including converting to stock tokens or exchanging for USDT, making asset allocation more flexible.

Allocation Logic and Potential Risks

SPCX adopts an average lock-up time-weighted allocation method. The earlier and longer the participation, the more favorable the final allocation ratio. Additionally, it’s important to note that this product is not an actual equity instrument, and the company’s listing process, price fluctuations, and market conditions are all uncertain, which may impact the final returns.

More about Gate Pre-IPO SpaceX (SPCX) first launch content:

24/7 Trading Enhances Flexibility

Compared to traditional markets limited by trading hours, Gate offers a 24/7 trading mode. This design allows investors to respond instantly to market changes, especially advantageous in global markets across different time zones. The around-the-clock mechanism not only improves operational flexibility but also shortens the time gap between information and trading.

Booking System and Information Access

To strengthen investors’ information advantage, Gate has designed a reservation system. After registration, users can receive the latest IPO updates via email and in-platform notifications. This proactive push helps investors grasp market opportunities promptly, improving decision-making efficiency.

Risks and Compliance Notices

Pre-IPO investments are inherently high-risk, with price volatility and market uncertainty unavoidable. Even after booking, investors must complete KYC verification on the platform and meet relevant compliance requirements to qualify for participation.

Additionally:

• Market performance is not guaranteed
• Usage restrictions may exist in different regions
• Investors should carefully assess their risk tolerance before investing

Before engaging in any operations, investors are advised to fully understand the rules and seek professional advice if necessary.

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Summary

Gate’s digital Pre-IPO mechanism embodies the development trend of integrating traditional finance with digital assets. By simplifying processes, introducing stablecoins, and providing 24/7 trading environments, the platform effectively lowers participation barriers, enabling more investors to access early-stage investment opportunities. While such investments carry high uncertainty, establishing clear risk management strategies is essential to pursuing potential returns and remaining an indispensable part of market participation.