Based on historical cases of IPO projects, SPCX shares typically do not start trading immediately after the US stock market opens on June 12, 2026, at 13:30 (UTC). Instead, they first go through a price discovery phase (IPO Cross), which often lasts from several tens of minutes to a few hours. During this phase, Gate does not support submitting SPCX stock orders. Once the market officially opens, the trading function will be automatically enabled.
On the first day of a new stock listing, price fluctuations are typically significant, and LULD (Limit Up-Limit Down) halts are likely to be triggered frequently. Additionally, given the massive volume of orders placed in a short period, order submissions may frequently fail. To ensure a secure trading experience and protect user assets, Gate will impose temporary restrictions on orders for SPCX on its first day of listing. These restrictions will be automatically lifted once the market price stabilizes, allowing normal trading to resume. The specific restrictions are as follows:
1. Trading Restriction Rules
- Single transaction amount limit: The maximum order amount for a single transaction shall not exceed 10,000 USD.
- Order frequency limit: The minimum interval between two orders is 15 seconds.
- In the initial launch phase, pre-market and after-hours trading are not supported. They will be automatically enabled once the market stabilizes.
2. Risk Warnings and Explanations
- Price Discovery Phase (IPO Cross): Before the market officially opens, the order entry is temporarily closed. Please wait for the opening notification before proceeding.
- Price Volatility Risk: Market sentiment on the first day of an IPO is typically active, and prices may experience short-term sharp fluctuations. Market risk is high. The platform strongly recommends that users fully understand the relevant rules, assess their own risk tolerance, and prudently manage trading risks before participating in trading.
Please plan your trading strategy in advance. Pay close attention to the first-day trading rules, related restrictions, and market volatility risks. If you have any questions, please contact official customer service.
Gate Team
June 11, 2026
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