IPO / PRE-IPO · PRIMARY MARKET

IPO vs Pre-IPO: How to Decide

IPO subscription and Pre-IPO allocation carry different risks. Confirm lock-up and break risk first.

Two different things

IPO: subscribe at listing, usually tradeable after listing
Pre-IPO: subscribe before listing, usually locked
Both can fall below the issue price

Checklist before participating

Confirm target, valuation range and lock-up
Confirm funding and exit path
Only allocate what you can afford to lose