Bybit is launching Bybit IPO Express, a new IPO subscription platform that gives eligible users seamless access to IPO investment opportunities using digital assets.

With Bybit IPO Express, users can subscribe to IPO opportunities directly through Bybit without opening a traditional brokerage account, making IPO participation more accessible than ever.

What is Bybit IPO Express?

Bybit IPO Express is a new IPO subscription platform that gives eligible users access to IPO opportunities using crypto, without opening a traditional brokerage account.

Subscribe to selected IPO opportunities directly through Bybit and access them before public trading begins.

Why use Bybit IPO Express?

• Access IPO opportunities before public trading begins

• Subscribe without opening a traditional brokerage account

• Use USDC and other supported crypto assets

• Trade your allocated assets on Bybit Spot after listing

How does Bybit IPO Express work?

IPO Express uses a subscription-based allocation model.

During the subscription period, you can commit funds to participate in an offering. Once subscriptions close, allocations are calculated based on demand and unused funds are automatically refunded.

Participation process

Step 1: Register for the offering

Log in to your Bybit account, go to the Bybit IPO Express page, and select an available offering. Review the offering details, price range, timeline, and participation requirements before you register.

Step 2: Submit your subscription

During the subscription period, enter your subscription amount and select a supported crypto asset, such as USDC.

Step 3: Fund lockup

Your subscription funds are temporarily locked during the offering period and cannot be withdrawn until allocations are finalized.

Step 4: Allocation calculation

Once subscriptions close, allocations are calculated on a pro-rata basis according to your committed amount relative to total subscription demand.

Step 5: Asset distribution and refund

Allocated assets are credited to your Funding Account. Any unused funds are automatically refunded. You can trade your allocated assets on Bybit Spot once trading begins.

Supported assets and subscription rules

Eligibility requirements

• Complete Identity Verification Lv. 1

• Open to all eligible users in supported jurisdictions

• Main Accounts only. Subaccounts are not eligible

IPO Express timeline

Registration period

Eligible users can register for an offering and review project details before subscriptions open.

Subscription period

Users can submit subscription amounts using supported crypto assets such as USDC. Once confirmed, the corresponding funds are locked until the allocation process is completed. Subscription orders cannot be canceled during this period.

Allocation period

After subscriptions close, final allocations are calculated based on overall demand. Allocated assets are distributed to users' accounts and unused funds are automatically refunded.

Spot listing

Once distribution is complete, the asset begins trading on Bybit Spot. Users can trade their allocated assets after listing.

FAQ

Why can't I see the final IPO price during subscription?

The final IPO price is not fixed in advance. During the subscription period, users will only see the indicative price range. After subscriptions close, the final offering price is determined through the project's pricing process before listing.

How is my allocation calculated?

Allocations are calculated based on subscription demand, your committed amount, and the final allocation confirmed by the underwriter.

When will my funds be locked?

Once your subscription is submitted successfully, the corresponding funds are temporarily locked until the allocation process is completed. Subscription orders cannot be canceled during this period.

What happens to unused funds?

Unused funds are automatically refunded after the final allocation is completed.

Are there any additional participation fees?

Bybit does not charge additional participation fees for IPO subscriptions. Network conversion or protocol-related fees may apply where applicable.

When can I trade or withdraw my allocated assets?

Allocated assets generally become available for trading and withdrawal after the asset is officially listed on Bybit Spot. Refer to the listing announcement for the exact schedule.

What are the risks of participating in IPO offerings?

IPO-related assets may experience significant price volatility after listing. Offerings may also be delayed, modified, suspended, or canceled due to market, regulatory, or project-related factors. Review the associated risks carefully before participating.