Bitget officially announces IPO Prime, a U.S. stock IPO subscription service
According to Bitget’s official statement, IPO Prime opened with preSPAX priced at $650 and drew $61.1 million in subscriptions, with the offering running from April 18 to April 21 before OTC trading begins.
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Fact Check
The PANews article "Bitget 推出美股 IPO 认购服务，首发支持稳定币认购 SpaceX | PANews" directly matches nearly every element of the statement: Bitget launched IPO Prime, preSPAX is priced at $650, the reported subscription total is $61.1 million, the subscription period runs from April 18 to April 21, and OTC trading opens afterward on April 21. However, confidence is limited because the claim attributes this to Bitget’s official statement, and no directly fetched Bitget primary source or successfully fetched second corroborating article was available in this run. The failed fetches for the provided The Block and BlockBeats links mean I cannot fully confirm independent corroboration from them.
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Summary
Bitget officially announced IPO Prime, a U.S. stock IPO subscription service, replacing earlier unconfirmed reporting about a possible stock-access product. According to the company’s official statement, the first offering is preSPAX, priced at $650, with a total subscription value of $61.1 million. The subscription period runs from April 18 through April 21, and OTC trading is scheduled to open on April 21.
Terms & Concepts
- IPO: Initial public offering, the process through which investors subscribe to shares before a company begins public trading.
- subscription: The process in which investors apply to participate in an offering during the designated subscription window.
- OTC trading: Over-the-counter trading, where securities are traded outside a formal exchange through dealer networks or negotiated markets.