Svmuu reported that the subscription for SPCXx, the tokenized stock of SpaceX's IPO offered by Bitget Wallet, sold out within 30 minutes of going live yesterday, with a total subscription size reaching $13 million. Bitget Wallet plans to expand more tokenized IPO subscription projects for US stocks in the future, providing users with an on-chain entry point for global popular assets.
Bitget Wallet will complete the distribution of SPCXx tokens before 24:00 Beijing time on June 12. After completing the subscription, users should promptly return to the subscription page and pay attention to the final issuance price of the SpaceX IPO. The final issuance price will be determined by the issuer and underwriters through a comprehensive assessment of order book demand, market conditions, and valuation factors. If the final issuance price does not exceed the indicative price by more than 20%, the subscribed shares will be automatically confirmed at the final price.