Gate Direct IPO Launches: SpaceX's First Offering Completed, Creating a New Experience for Pre-Listing Subscription and Stock Trading

In recent years, the global capital markets have continued to attract a large number of investors' attention, with initial public offerings (IPOs) being one of the market focuses. For many investors, having the opportunity to subscribe before a company officially goes public not only means the chance to participate early in the company's growth but also provides access to investment markets that were previously difficult to enter. However, traditional IPO subscriptions often involve high capital thresholds, complicated account opening procedures, and multiple eligibility restrictions, making it difficult for many ordinary investors to participate directly.

To further expand investment scenarios and offer more diverse investment options, Gate officially launches the new "IPO Access" service. Through this mechanism, users can submit subscription applications before a company is officially listed, and after allocation, trade the stocks directly on the Gate stock market, achieving a one-stop investment process from IPO subscription to stock trading. As the first project launched under IPO Access, SpaceX (SPCX) has successfully completed stock allocation and officially entered the subsequent trading process, marking an important milestone for Gate in connecting the pre-listing market with the post-listing trading market.

What is Gate IPO Access?

IPO Access is a pre-listing stock subscription service launched by Gate, designed to give users the opportunity to participate in popular companies' initial public offerings. When the platform opens specific IPO projects, users can submit subscription intentions using USDT during the designated subscription period. After the IPO issuance results are confirmed, the platform will allocate stocks based on the final allocation quota and actual IPO sale conditions, and the allocated stocks will be directly credited to the user's Gate stock account.

Compared to traditional IPO participation methods, IPO Access integrates the subscription and trading processes within the same platform. Users do not need to convert assets or transfer funds to other brokerage accounts to complete subscription, allocation, and subsequent trading operations. This service not only simplifies the IPO participation process but also allows more investors to access the pre-listing market, further expanding their investment choices.

A one-stop investment process from subscription to trading

One of the core features of Gate IPO Access is linking the IPO subscription and stock trading stages. In the past, investors wishing to participate in an IPO usually had to submit applications through designated financial institutions or brokers and complete relevant procedures according to local market regulations. Even if successfully allocated, subsequent stock management and trading might require operations on different platforms.

With Gate IPO Access, after submitting a subscription application, if the user successfully receives stock allocation, the relevant stocks will be directly credited to their Gate stock account. When the stocks officially open for trading, users can buy, sell, or hold within the Gate stock section. This integrated process from subscription to trading makes the overall investment experience smoother and reduces operational complexity caused by switching between different markets and platforms.

SpaceX becomes the first IPO target for IPO Access

As the first project launched under Gate IPO Access, the company open for subscription is SpaceX (SPCX). Founded by Elon Musk in 2002, SpaceX is one of the most representative commercial aerospace companies globally. Over the years, the company has continuously driven innovation in aerospace technology and is known worldwide for its reusable rocket technology. Besides rocket launch services, SpaceX has also expanded its global communication network through the Starlink satellite project, attracting high market attention in aerospace technology and satellite communications.

With its significant position in the tech and aerospace industries, SpaceX has always been a highly discussed company in global capital markets. Therefore, becoming the first IPO Access project has attracted many investors to participate in the subscription. Through this mechanism, users can submit subscription applications before the company officially enters the public market, aiming to secure stock allocations and participate early in a highly watched company.

SPCX stock allocation has been completed

According to Gate's announcement, the initial SpaceX (SPCX) IPO project has completed stock distribution. The median final allocation ratio was 3%, and according to the rules, users who submitted their subscription applications earlier had a higher chance of receiving a larger allocation.

Currently, users who received allocations can check their SPCX stock assets in their Gate stock accounts. Any unallocated shares and remaining subscription funds have been automatically refunded to their spot accounts by the system, with no need for additional refund requests or other operations. Through automated asset processing, users can more conveniently track their subscription results and quickly manage their assets afterward.

Why might the actual allocated amount differ?

Since IPO Access uses an intention-based subscription mechanism, the final stock allocation results are not entirely fixed and depend on multiple factors. First, the total IPO allocation quota obtained by the platform influences the overall distribution. Second, the actual sale conditions of the company and market demand also affect the final number of shares available for allocation.

Therefore, users' subscription results may fall into one of the following situations:

• Full allocation

• Partial allocation

• No allocation

The actual number of shares received will be confirmed based on the final IPO sale results and the allocation quota obtained by the platform.

This SpaceX IPO has attracted high market attention, with strong overall demand. However, the quota allocated to retail investors is relatively limited, making the allocation resources tight and resulting in varying degrees of differences in the final allocation outcomes.

SPCX has entered the trading process

After completing the allocation, users who received stocks can proceed with subsequent trading through the Gate stock section.

The relevant details are as follows:

• Stock name: SpaceX

• Stock code: SPCX

• Trading section: Gate Stocks

• Trading time: Based on the actual opening time of the stock

According to the announcement, SPCX is currently in the IPO Cross price discovery phase. This phase is mainly used for market price formation. After the relevant procedures are completed, the stock will officially enter normal trading.

At that time, users can buy and sell through the Gate stock market, completing the full investment process from IPO subscription to stock trading.

Further connecting digital assets with traditional financial markets

In addition to providing IPO subscription opportunities, the launch of IPO Access also demonstrates Gate’s strategic layout in expanding investment scenarios. For a long time, the crypto asset market and traditional financial markets have generally been separate investment domains, requiring users to manage different assets across various platforms. As the market develops, investors' demand for cross-market investment tools has gradually increased.

Through IPO Access, Gate further links pre-listing subscriptions, stock trading, and the digital asset ecosystem, enabling users to access more diverse investment opportunities on a single platform. For investors wishing to focus on both crypto assets and traditional capital markets, this integrated investment experience offers a more convenient way to participate.

Looking forward to more IPO Access projects

As the first project under Gate IPO Access, SpaceX symbolizes the official operational phase of the service. Through this project, users not only experience the complete process from submitting subscription applications, waiting for allocation, to receiving stocks and trading but also gain a better understanding of how IPO Access works. With the successful completion of the first project, Gate will continue to introduce more IPO Access targets, giving users opportunities to participate in the IPOs of globally popular companies and further expand their investment portfolios and market participation.

Stay tuned for the next IPO Access project:

Summary

Gate’s IPO Access service provides investors with a new channel connecting the pre-listing market with the post-listing trading market. By simplifying IPO participation and integrating subscription, allocation, and trading within a single platform, users can more easily access hot companies' initial public offerings. With SpaceX (SPCX) completing stock distribution and entering the trading phase, Gate has taken an important step toward creating a one-stop IPO investment experience. In the future, as more IPO Access projects are launched, users will have opportunities to participate in more high-profile IPOs and complete the entire investment journey from subscription to trading on the same platform.