Bitget IPO Prime User Guide

[Estimated reading time: 5 mins]

This article explains what Bitget IPO Prime is, how subscriptions and trading work, and what key risks you should understand before participating. It also covers the subscription process, token allocation, and common questions.

 

What is Bitget IPO Prime?

Bitget IPO Prime is an innovative token sale platform launched by Bitget in April 2026. It is designed to lower the barriers of traditional pre-IPO investing and give more users access to pre-listing opportunities.

Through digital tokens issued by compliant issuers, IPO Prime offers a 1:1 mapping to the economic performance of the underlying asset. This gives users a new type of instrument that can be priced, traded, and exited more flexibly.

As an extension of Bitget Universal Exchange (UEX), IPO Prime supports stablecoin subscriptions and aims to make participation more accessible for eligible users.

Before you begin

Please note the following before you participate:

• Only eligible users can join.

• Institutional accounts and sub-accounts are not supported.

• During the subscription period, committed funds are locked.

• If abnormal account activity is detected, the system may return the funds and cancel your participation eligibility.

• Holding project tokens does not mean you own equity in the underlying company.

• Project tokens do not grant voting rights, dividend rights, or shareholder rights.

 

How IPO Prime subscriptions work?

IPO Prime uses a commitment-based subscription model. During the subscription period, you commit funds to join the event. During the distribution period, the platform calculates your final allocation, deducts the required payment amount, and returns any unused funds.

 

Subscription rules and supported currencies

Please review the following rules before you subscribe:

• The total subscription pool is approximately $61 million.

• You can subscribe using USDT or USDGO.

• The total committed amount cap is 1 billion U.

• All users participate in the same subscription pool.

• Allocation follows a first come, first served model, subject to the project rules.

• The minimum individual commitment amount is $100.

• Your maximum commitment amount depends on your VIP level.

If you use more than one currency, deductions are made in proportion to each currency’s share of your total committed amount.

Example:

• You commit 100 USDT and 100 USDGO.

• Your final payment requirement is equal to $100.

• The system deducts $50 equivalent from each currency.

Tiered pool cap

Bitget applies a tiered pool cap by VIP level.

Examples:

• If VIP 0 and VIP 1 both reach their maximum tier cap, the remaining cap available for VIP 2 to VIP 7 users is $800,000,000.

• If VIP 0 users commit $50,000,000 and VIP 1 reaches its maximum cap of $100,000,000, the remaining cap available for VIP 2 to VIP 7 users is $850,000,000.

Maximum individual commitment by VIP level

Your maximum subscription amount depends on your VIP level.

 

VIP level	Maximum individual commitment
VIP 0	$1,000
VIP 1	$15,000
VIP 2	$30,000
VIP 3	$100,000
VIP 4	$150,000
VIP 5	$250,000
VIP 6	$300,000
VIP 7	$300,000

 

Distribution formula

During the distribution period, the platform uses a pro-rata allocation model:

• Individual subscribed token amount = Total subscription amount × (Individual committed amount ÷ Total committed amount)

• Individual payment amount = Individual subscribed token amount × Token subscription price

• Individual refund amount = Individual committed amount - Individual payment amount

Note: Any unused committed funds will be unlocked and returned during the distribution period.

Your final subscription amount must meet both the project pool rules and your VIP-level commitment limit. Please refer to the event page for the latest limits before you subscribe.

 

How to subscribe to an IPO Prime project?

Step 1: Open the IPO Prime page

1. Open the Bitget app or official website.

2. Log in to your Bitget account.

3. Go to the IPO Prime event page.

4. Select New listing subscription to view the current project.

 

Step 2: Start your subscription

1. Click Subscribe now.

2. Read the risk disclosures and user agreements carefully.

3. Check the required boxes to confirm your agreement.

 

Step 3: Enter your committed amount

1. Enter the amount you want to commit.

2. Review the subscription details.

3. Click Confirm.

 

Step 4: Check the subscription result

1. After submission, Subscription successful will appear.

2. Your committed funds will be frozen during the subscription period.

 

IPO Prime timeline

1. Subscription period

• Your committed funds are locked.

• You cannot withdraw them during this period.

• If abnormal account activity occurs, the system may return the funds and cancel your eligibility.

2. Distribution period

• Bitget completes the final allocation.

• The required payment amount is deducted.

• Project tokens are distributed to your spot account or funding account.

• Unused funds are unlocked and returned.

3. Trading period

• Once trading opens, you can buy and sell project tokens based on the project rules.

4. Token settlement period

• After trading ends or the lock-up period ends, users may be able to choose stock token settlement or USDT settlement.

• Please refer to the project agreement for the final settlement rules.

 

How IPO Prime trading works?

After subscription distribution is complete, the project token enters the trading phase.

Depending on the project, trading may be available through:

• The IPO Prime trading market

• Spot trading

Please refer to the latest Bitget announcements and project page for the final trading rules.

Trading rules

1. Under the trading market model, the platform may freeze margin to support settlement security.

2. Spot trading follows Bitget’s standard spot trading rules.

3. Once trading opens, users can generally trade 24/7.

4. Secondary market trading usually starts after the subscription phase ends.

5. After the lock-up period ends, users may be able to convert tokens into 1:1 stock tokens or settle in USDT, depending on the agreement.

Core advantages and important notes

• Accessible participation: Eligible users, including VIP0 users, may participate.

• Compliant structure: Tokens are issued by compliant issuers and linked to the underlying asset through contractual arrangements.

• No extra subscription fees: There are no subscription, management, or custody fees.

• Earlier liquidity: Secondary market trading may be available after the subscription period ends.

• More opportunities: Bitget may continue to list more IPO Prime projects over time.

Important risks

Bitget IPO Prime is not a risk-free product.

Please understand the following before participating:

• The valuation of the underlying company may change.

• A qualifying trigger event, such as an IPO or acquisition, may never occur.

• Secondary market liquidity may be limited.

• Digital asset prices may fluctuate significantly.

• You may lose part or all of your principal.

Bitget does not guarantee any investment returns. Please only use funds you can afford to lose and seek independent professional advice when needed.

If the underlying company cancels its IPO or delays it indefinitely, settlement will be handled according to the fallback provisions in the subscription agreement.

 

 

FAQs

1. What is Bitget IPO Prime?

Bitget IPO Prime is Bitget’s token sale platform. It gives eligible users access to selected digital assets linked to global unicorn companies before a potential IPO.

2. How do I participate in Bitget IPO Prime?

IPO Prime uses a subscription-based commit model. Eligible users can join the subscription during the event period. Your individual commit limit depends on your Bitget VIP level.

3. What is preSPAX?

preSPAX is the first asset listed on Bitget IPO Prime. It is a digital token issued by a compliant issuer and is designed to reflect the economic performance of SpaceX after its IPO.

4. Who issues preSPAX?

preSPAX is issued by Republic International Cayman, a company licensed in multiple regions, including the United States.

5. Does subscribing to preSPAX mean I directly invest in SpaceX?

No. Holding preSPAX does not mean you own SpaceX shares.

preSPAX represents a debt instrument issued by the issuer to token holders. It is designed to reflect the performance of SpaceX, but it is not actual SpaceX equity.

Holding preSPAX does not give you:

• voting rights

• dividend rights

• shareholder rights

• ownership of SpaceX equity

preSPAX is not affiliated with the companies mentioned and has not received any approval or endorsement from them.

6. What happens after I subscribe to preSPAX?

After the Bitget IPO Prime event ends, you may exit in either of these ways, subject to the product rules and subscription agreement:

• Trade on Bitget OTC: You may trade preSPAX on the Bitget OTC market according to the platform rules.

• Wait for conversion: You may wait until the lock-up period for the underlying debt asset ends, which is typically about six months after the SpaceX IPO. After that, the issuer will entrust Bitget to convert it into USDT or other tokens based on the market price of the underlying company’s stock.

Please refer to the subscription agreement for the final terms.

7. What happens if the company cancels or delays its IPO?

If the underlying company does not complete a qualifying triggering event, such as an IPO or acquisition, within the period stated in the subscription agreement, redemption will follow the backup terms in that agreement.

The subscription agreement will govern the redemption timing, amount calculation, and other conditions.

8. Are there any fees for participating in IPO Prime?

No. Eligible users can participate for free. There are no additional subscription, management, or custodial fees for joining IPO Prime.

However, token swap fees may apply based on the subscription agreement.

9. Is IPO Prime risk-free?

No. IPO Prime is not risk-free, and returns are not guaranteed.

Risks include, but are not limited to:

• changes in the valuation of the underlying company

• the risk that no qualifying triggering event occurs

• secondary market liquidity risk

• digital asset price volatility

• possible loss of principal

Please make sure you fully understand the risks before participating. Only invest funds you can afford to lose. You may also consider seeking independent professional advice.

10. Does Bitget hold equity in the underlying company based on the total commit amount?