00:00A new global market is emerging for companies that have not gone public yet and we are talking about pre
00:07-IPO markets here.
00:08So today we will be covering the best trading platforms, the private shares and the perpetual futures of these pre
00:14-IPO markets.
00:16So private company shares typically or were largely restricted to founders, right?
00:23Employees, venture capital firms, accredited investors.
00:26But now we are seeing a change in that type of structure.
00:31Investors are now having access to private shares through secondary marketplaces and they gain indirect exposure through SPVs and tokenized
00:41products or even trade leveraged pre-IPO perpetuals around the clock.
00:48I'm talking about 24-7, right?
00:50So these products are not interchangeable, right?
00:53We need to understand that factor.
00:55The private share can represent genuine ownership and SPV gives you an interest in a vehicle that owns the shares.
01:04A token may represent a custodial or contractual claim.
01:10A pre-IPO perpetual is effectively a derivative.
01:14So it can provide the long or short exposure, but it does not make the trader a shareholder.
01:19So these are things that you need to keep in mind.
01:22But that distinction actually matters as markets now form around companies such as OpenAI.
01:29We've seen pre-IPO markets really take off with the SpaceX IPO.
01:35Also Anthropic, which is highly anticipated.
01:38Stripe, Databricks, Shield AI and other highly valued private businesses.
01:44So the growth of these markets also raises difficult questions.
01:48For example, what exactly does the investor own?
01:52How is the private company valued?
01:55Is the contract priced per share or by token or sorry, by total market capitalization?
02:01And also who controls the Oracle?
02:03And what happens if the IPO is postponed or canceled?
02:08How is the contract settled when the shares actually finally list?
02:13Our definitive guide that we have compiled, which is the most comprehensive,
02:19examines kind of the entire pre-IPO ecosystem, including genuine share, sort of private share platforms,
02:27synthetic perpetual markets.
02:29Also, we cover tokenized exposure, trading volume data, the valuation models and methods.
02:36Also, the settlement structures and the risks investors actually often overlook.
02:42So pre-IPO markets at the end of the day could become one of the most important bridges between traditional
02:47finance
02:48and always open digital markets.
02:51And that opportunity is quite significant.
02:53And really, the important rule to remember is that, you know, you need to trade the instrument once you've researched
03:01it,
03:01not merely because it is attached to some kind of a famous company.
03:06And this is what we wanted to really get into depth and really break down for everyone in the comprehensive
03:14guide
03:15that you can find in the link in the description.
03:17And really, it's a definitive analysis of these private share marketplaces.
03:23And we're really getting to all the mechanics of pre-IPO perpetual futures and the tokenized securities.
03:31We look, like I said, at the trading volumes and the valuation models, the platforms and the risks as well.
03:37And some of the more popular platforms right now, you know, we're seeing pre-IPO contracts being traded on platforms
03:45like OKEx and Binance, etc.
03:48And, you know, the global secondary market itself is quite big.
03:52We also look at NASDAQ private markets and then the SpaceX pre-IPO perpetuals, which did about $3.2 billion,
04:00right?
04:00And this was between May 17th and June 10th, which is pretty much a derivative notion across kind of eight
04:08exchanges.
04:09And we look at the pre-IPO open interest on SpaceX as well and the Binance pre-IPO contracts and,
04:17you know, CXMT synthetic perpetuals and the open interest on that as well.
04:22So this is very, very, very kind of detailed.
04:26The companies that we looked at, Anthropic, OpenAI, which are upcoming, Android, Stripe, Project Prometheus, Databricks, Shield AI, Neuralink, Crucial,
04:39Cognition AI.
04:40These are all kind of names that are really buzzing in the space.
04:43And at the end of the day, we need to know why AI dominates that private market liquidity as well,
04:50because this is something that people need to really pay attention to.
04:55So let me know what your thoughts are.
04:56The guide is in the links in the description.
04:58And also you can trade on all those best recommended exchanges, which will be in the links down below.
05:04Like, share, subscribe, turn on the notifications.
05:06I will see you guys in the next videos.
05:08Peace.
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