Gate Research: Amid an epic wave of IPOs, Pre-IPO tokens usher in the era of the primary market for retail investors.

On May 30th, according to official sources, Gate Research released a report titled "Under the Epic IPO Wave, Can Pre-IPO Tokens Usher in the Era of Retail Investors in the Primary Market?" The report indicates that 2026 will witness a "super IPO cycle" in the global capital market. SpaceX, OpenAI, and Anthropic, three of the world's most influential tech unicorns, are accelerating their IPO plans, with a combined valuation approaching $4 trillion. This super IPO wave is expected to significantly impact the liquidity of the crypto market. In the short term, institutional and high-net-worth investors participating in IPO allocations might exert temporary pressure on crypto market liquidity. However, as IPO lock-up periods expire, AI-related sectors, high-performance public chains, and blue-chip assets like BTC and ETH are anticipated to attract new funds and benefit from wealth spillover effects. Concurrently, the crypto industry is reducing entry barriers to the traditional primary market through pre-IPO products. SpaceX (SPCX), Gate's inaugural pre-IPO project, introduced SpaceX stock hedging exposure and mirrored notes, offering users a trading path closer to the actual market value of target companies. With its low entry barriers, absence of hidden fees, and 24/7 pre-market trading, SPCX raised nearly $395 million, demonstrating the market's substantial interest and strong enthusiasm for high-quality pre-IPO assets. Moving forward, Gate plans to broaden its offerings with more high-quality assets and innovative product formats, fostering greater market efficiency and diversification.