Bitget Opens IPO Prime Subscription As preSPAX Sale Gets Underway
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Bitget opened the subscription window for IPO Prime, marking the next phase of its pre-IPO access platform as users begin participating in its first offering, preSPAX.
Subscription Window Opens
The subscription period runs from Apr. 18 at 06:00 UTC through Apr. 21 at 06:00 UTC, with token distribution scheduled between 06:00 and 10:00 UTC on the final day.
Spot trading for preSPAX will commence at 12:00 UTC on Apr. 21.
Participants commit capital in stablecoins and receive proportional allocations based on total demand. The tokens are issued through compliant partner Republic and track economic outcomes rather than represent direct equity ownership.
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Gracy Chen On Access
Gracy Chen, CEO of Bitget, said early access has always been limited, but argued the point is not just getting in early.
"It's also about what you can do after that. Giving users the ability to act and adjust in real time changes how these opportunities are approached," she added.
preSPAX is linked to SpaceX, and once distribution is complete the token becomes tradable on a spot market. That structure introduces continuous price discovery at a stage where traditional pre-IPO investments are typically locked.
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