What Happened
Cryptocurrency Exchange Expands Investor Access To High Profile IPO
Cryptocurrency exchange Bybit has announced it will offer retail investors access to tokenized initial public offerings (IPOs) at the offering price, starting with SpaceX as its first offering. Bybit users can subscribe to tokenized representations of publicly traded equities via Payward’s xStocks platform. The SpaceX IPO has drawn significant investor demand, with $150 billion in interest, double the $75 billion the company is seeking to raise. This development was first reported by Reuters.