Cryptocurrency trading platform Bybit has announced plans to allow retail investors to subscribe to tokenised initial public offerings at the official listing price, noting that space exploration technology company SpaceX will be the first company listed under the service.
Under the initiative, users will be able to subscribe to digital tokenised representations of shares in publicly traded companies, with the option to enter at the IPO price without the need for traditional brokerage accounts or trading on secondary markets.
Registration for the SpaceX subscription will open from June 7 to 11, 2026, with share allocation scheduled to be completed between June 11 and 12, while trading of the tokenised shares on the Bybit platform is expected to begin on June 12.
Regarding the IPO, reports indicated that SpaceX, which began its roadshow last week, has attracted investment orders of approximately $150 billion, roughly double the targeted valuation of $75 billion.
The Kraken platform also recently announced that it would provide access to the same IPO for users in more than 110 countries through its xStocks platform, at a time when Wall Street analysts expect 2026 to see a surge in the US initial public offerings market, driven by major private companies and rising demand for new listings.
These moves come amid expectations on Wall Street that 2026 will see a major revival of the US IPO market, fuelled by pent-up demand for new listings and a strong pipeline of large private companies ready to go public.