What is Gate Pre-IPOs?
Gain early access to global pre-listing companies and explore new digital IPO models

What is Gate Pre-IPOs?

In recent years, the global capital markets have continued to move toward digitalization. Traditional IPOs (Initial Public Offerings) face high participation barriers, regional restrictions, and complicated account opening processes, prompting the market to seek more efficient solutions. Gate Pre-IPOs is a digital subscription mechanism launched in this context, focusing on potential pre-listed companies worldwide. Through platform mechanisms, qualified users can participate in asset allocation before the company officially enters the public market, gaining early exposure to targets that may attract market attention in the future, thereby accessing more diverse investment opportunities.

Compared to traditional IPOs, which are often limited by regional, market system, and investor qualification restrictions, Gate Pre-IPOs attempts to reconnect global investors with pre-listed companies through digital means, allowing more international users to access potential investment targets across different markets.

Breaking regional restrictions, accessing high-quality global pre-listed companies

In the past, if investors wanted to participate in overseas company IPOs, they often faced cross-border broker account opening, capital thresholds, investment qualification verification, and complex subscription procedures. Gate Pre-IPOs aims to lower these participation barriers, enabling international individual investors to follow pre-listed companies in major global markets via the platform. Through a reservation system, users can receive the latest project information and subsequent notifications, gaining a better understanding of pre-listing participation arrangements. For investors looking to position themselves in global growth companies, this model offers a different approach from traditional markets and makes cross-market investing more convenient.

How digital IPO concepts change traditional market experiences

Traditional stock markets have fixed trading hours and regional restrictions, whereas digital asset markets operate 24/7. The digital IPO concept developed by Gate Pre-IPOs combines these market features, allowing users to engage with assets related to stock value while enjoying more flexible trading arrangements. The platform states that the goal of this mechanism is to provide an economic return experience linked to traditional stock values, while breaking through typical stock market time constraints by supporting 24/7 trading. This design allows investors to schedule their trading times according to their needs without being entirely limited by traditional exchange opening and closing hours.

Post-listing trading arrangements and market integration mechanisms

For investors participating in IPOs, liquidity after the company’s official listing is often a key consideration. Gate states that once the relevant company completes its listing, the platform will strive to open related trading as soon as conditions permit to help users seize market opportunities. However, the actual opening time depends on individual stock terms and project regulations, so trading times may vary across different companies. Details will be announced according to each project, and the platform reserves the right to adjust arrangements based on market conditions.

What information services are available through the reservation list

To help users stay updated with IPO-related information, Gate provides notification services to users who complete reservations. When there are new IPO news, subscription openings, or important updates, the system will send reminders via multiple channels, including email and in-platform notifications, to ensure users receive first-hand information promptly. Since IPO projects typically have clear timelines, real-time information access is often crucial for investment decisions. The reservation system allows users to more effectively track the latest developments of relevant projects.

How do Mirror Notes work as asset certificates for Pre-IPOs

Gate Pre-IPOs uses Mirror Notes as core asset certificates. This mechanism mainly maps the market value changes of target companies before and after listing. Essentially, it is a type of contingent payout note. Through this asset design, the platform provides a way for users to participate in relation to the target company's value. According to official announcements, Gate will establish reasonable market value references by acquiring hedge exposures related to the target company's stocks and offer diversified exit or holding arrangements. It’s important to note that Mirror Notes do not directly hold the company's stock but reflect the relevant market value through a note format, so their operation differs from traditional stock holdings.

What are the exit options after participating in Pre-IPOs

For many investors, exit mechanisms are an important factor in evaluating investment products. According to Gate’s announcement, before the company’s listing and lock-up period end, the platform will offer a pre-market trading environment allowing users to buy and sell their holdings freely 24/7. After the company completes its listing and the lock-up period, users can manage their positions via a dedicated page provided by Gate.

At that time, holders can choose to:

1. Convert holdings into stock tokens
2. Exchange for USDT at the actual market price after the company’s listing

Since IPO arrangements and lock-up periods vary across companies, actual timing will follow each project’s announcement. This dual exit mechanism allows investors to choose different approaches based on their investment strategies and market conditions.

How are adjustments made during capital increases, stock splits, or reverse splits

During a company's development, it may undertake capital increases, stock splits, or reverse stock splits for corporate operational needs. Because Pre-IPOs use the Mirror Note mechanism, their value tracking is based on the market value of the company's common stock. If the company issues additional shares in the future, the value of existing holdings may be diluted; if the company performs stock splits, reverse splits, or other reclassification arrangements, the platform will adjust user holdings accordingly based on actual circumstances. The calculation methods and detailed procedures will be further explained in subsequent announcements to ensure that the holding value reasonably reflects changes in the company's equity structure.

Risks and compliance considerations before participation

Although Pre-IPOs offer investors a new way to access pre-listed companies, the products still carry market risks. First, being on the reservation list does not guarantee final participation or subscription rights. Users must complete Gate’s required KYC verification and meet relevant compliance standards before proceeding. Second, the prices of digitalized stock-related assets may fluctuate due to market supply and demand, company development status, and overall capital market conditions, so their values are not fixed. Additionally, the platform does not guarantee future prices or investment outcomes. Investors should fully understand the product mechanisms, potential risks, and their own risk tolerance before participating and make informed decisions.

Summary

Gate Pre-IPOs aims to redefine IPO participation through digitalization, giving global investors the opportunity to engage with relevant assets before companies go public. From reservation notifications, Mirror Note asset design, 24/7 pre-market trading, to diverse post-listing exit options, the overall framework demonstrates the integration trend of digital finance and traditional capital markets. However, Pre-IPO products still involve market volatility and qualification restrictions. Investors should carefully read project announcements and rules, fully understand the operation and risks, and then decide whether to participate. For users interested in tracking high-quality pre-listed companies worldwide, Gate Pre-IPOs offers a new participation model different from traditional IPOs.

FAQ

What is Gate Pre-IPOs?

Gate Pre-IPOs is a digital subscription mechanism that allows qualified users to gain early access to assets of potential pre-listed companies worldwide, providing more diverse investment opportunities.

What is Mirror Note?

Mirror Note is the asset certificate mechanism used by Gate Pre-IPOs to track the market value changes of target companies before and after listing. It does not represent direct ownership of the company's stock but reflects the value through a note format.

How to exit after participating in Gate Pre-IPOs?

Before the company’s listing and lock-up period end, users can trade freely in the pre-market trading environment provided by the platform. After the company’s listing and completion of relevant procedures, users can choose to convert holdings into stock tokens or exchange for USDT based on market prices, with specific arrangements subject to each project’s announcement.