Trade Pre-IPO Valuations. 24/7 - For traders ready for more

Gain 24/7 synthetic access to private tech company valuation movements with up to 20x leverage. Available to Wholesale clients only.
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Why Trade Pre-IPO Perps on OKX Australia?

Early Valuation Access

Gain synthetic price exposure to implied valuation movements of global technology leaders prior to their public exchange listings.

24/7 Continuous Execution

Trade around the clock with up to 20x leverage. Express bullish views or short valuation sentiment without waiting for equity markets to open.

Zero Paperwork or Lockups

USDT-settled perpetual contracts eliminate physical share transfers, multi-year PE secondary lockups, and voting/dividend administrative overhead.

How Pre-IPO Perpetual Contracts Work

Synthetic valuation exposure explained


Index Pricing: Contracts reference an OKX-calculated index derived from private market valuation indicators and implied transaction data.

Synthetic Settlement: USDT-settled cash execution. No physical share transfers, IPO share allocations, voting rights, or dividends pass to the trader.

Flexible Leverage: Optimize capital efficiency with flexible leverage up to 20x.

Institutional-Grade Derivative Capabilities

Unified Trading Account (UTA)

Margin your Pre-IPO perpetual positions seamlessly alongside crypto spot, crypto perps, and TradFi equity contracts in one account.

Licensed Australian Entity

Issued under Australian Financial Services Licence (AFSL 379035) by OKX Australia Financial Pty Ltd for wholesale clients.

Dedicated Relationship Management

High-touch RM onboarding, wholesale qualification assistance, custom collateral walkthroughs, and ongoing risk management support.

FAQs

Pre-IPO Perpetual Contracts are USDT-settled synthetic derivative contracts linked to an OKX-calculated index referencing the implied valuation of private companies. They allow wholesale clients to trade valuation price movements without holding physical equity or waiting for an IPO.

No. Pre-IPO Perps are purely synthetic derivatives. Traders do not acquire share ownership, IPO allocations, voting rights, dividends, or direct claims on future underlying shares.

This product is available exclusively to eligible wholesale clients in Australia within the meaning of section 761G / 761GA of the Corporations Act 2001 (Cth). Retail clients are not eligible.

Wholesale clients can access up to 20x leverage on Pre-IPO perpetual contracts. Leverage magnifies both potential gains and losses.

Initial launch markets support perpetual contracts referencing implied valuations for OpenAI, Anthropic, and Moonshot. Additional private valuation pairs may be listed subject to OKX’s discretion.