A new entry point for digital investment: How Gate rewrites the participation logic of pre-IPO investments

Opening a New Channel for Early-Stage Investments

In the past, Pre-IPO investments were mostly limited to institutions or high-net-worth individuals, making it difficult for ordinary investors to access. Today, through online participation mechanisms, this barrier is gradually being broken down.

Gate simplifies complex application and review processes, allowing investors to engage more directly with potential companies that are not yet listed. This shift not only lowers entry barriers but also makes cross-market allocations more feasible, expanding investment horizons to a global scale.

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Stablecoins as a Core Medium

In terms of capital operations, the platform introduces stablecoins as the primary trading tool, making the overall process more aligned with digital asset trading habits. Investors can complete subscription processes without going through traditional brokers or cumbersome fund conversions.

This design brings several clear changes:

• Faster fund allocation
• More intuitive operation processes
• Significantly lowered participation thresholds

As a result, small and medium-sized investors now have the opportunity to access markets that were previously difficult to enter.

Building Cross-Asset Investment Scenarios

In addition to the Pre-IPO investment mechanism, Gate is expanding its trading landscape by integrating different asset types into a single system. From stocks and indices to forex and commodities, it is gradually forming an integrated trading environment. This architecture allows investors to perform diversified allocations within a single platform, reducing the inconvenience of cross-platform operations and enhancing asset allocation flexibility.

Connecting International Markets as an Investment Bridge

Through digital entry points, investors can access pre-listing companies worldwide earlier, without facing traditional high capital requirements or complicated procedures. When these companies go public, the platform also plans to connect subsequent trading, allowing investment strategies to continue seamlessly. This continuity from early participation to post-listing trading makes the investment process more complete.

Gate Pre-IPO’s First Target: Focus on SpaceX (SPCX)

In Gate’s Pre-IPO plan, the first investment target is SpaceX, represented by SPCX as its corresponding asset form. The launch of this product enables investors to participate in market expectations of SpaceX’s future valuation before the company officially goes public, capturing potential opportunities early.

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

The Essence of SPCX as a Valuation Mapping Tool

SPCX is a type of mirror financial product (Mirror Note) designed to reflect SpaceX’s market valuation trends. It does not represent actual equity but uses financial structuring to allow users to indirectly participate in the price changes of the unlisted company before and after IPO, combined with risk hedging mechanisms to lower the barrier to direct investment.

Investment Process: From Subscription to Exit

After completing SPCX subscription, the related assets can immediately enter the market without additional lock-up restrictions. When SpaceX successfully goes public and passes the necessary lock-up period, investors can choose to convert SPCX into corresponding stock tokens or exchange for USDT based on market conditions, providing more flexible exit options.

Allocation Logic and Risk Considerations

The distribution mechanism of SPCX is not solely based on the proportion of invested funds but uses an average lock-up ratio as a basis. That is, the earlier and longer an investor holds, the higher their relative weight. However, it’s important to note that SPCX does not equate to SpaceX equity, and the company’s listing progress is uncertain. Market liquidity and regulatory policies may also impact outcomes, so participants should carefully assess their risk tolerance before engaging.

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

The Flexibility of 24/7 Trading

Unlike traditional markets limited by fixed trading hours, Gate operates 24 hours a day, allowing investors to adjust at any time in response to market changes. This is especially advantageous across different time zones, with real-time and flexible operations helping to shorten the gap between information response and actual trading.

Reservation System and Information Synchronization

To help investors seize first-mover opportunities, the platform has designed a reservation and notification system. After registration, users can receive the latest project updates via email or in-platform messages. This proactive push improves information access speed and helps investors make quicker decisions.

Risks and Regulations to Note Before Participation

Although the entry barrier is lowered, Pre-IPO investments remain high-risk. Price volatility, market uncertainty, and liquidity issues may all affect the final outcome.

Investors should pay attention to:

• Completing KYC verification and complying with relevant regulations
• No guarantees on investment returns
• Possible restrictions in different regions
• Assessing their own risk tolerance

Thorough understanding of the rules and risk management is essential for participating in such markets.

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Summary

Pre-IPO investments are gradually becoming more popular with the trend toward digitization. Gate’s process optimization, stablecoin application, and 24/7 trading mechanism make early investment opportunities more accessible and alter the market participation structure. However, opportunities and risks always coexist. While pursuing potential gains, establishing clear investment strategies and risk controls remains a core aspect of long-term market engagement.