June 7 (Reuters) - Cryptocurrency exchange Bybit said it

will offer retail investors access to tokenized initial public

offerings (IPOs) at the offering price, starting with SpaceX as

its first offering.

Here are some details:

* Bybit users via Payward's xStocks, a tokenization

platform, can subscribe to tokenized representations of publicly

traded equities.

*

* For the SpaceX offering, registration and subscription

will run from June 7 to June 11, 2026, with allocations to be

finalised between June 11 and June 12. Tokenized shares are

expected to begin trading on Bybit's spot market from June 12.

* Users will be able to purchase shares at IPO pricing

bypassing secondary market competition without the need to open

or maintain traditional brokerage accounts.

* SpaceX, which began its roadshow last week, has

drawn investor demand of about $150 billion for its IPO, about

double the $75 billion it is seeking to raise, said two people

familiar with the matter on Friday.

* Cryptocurrency exchange Kraken said this month it had

opened SpaceX IPO access to clients in more than 110 countries

via xStocks.

* Wall Street is betting 2026 could be a breakout year for

the U.S. IPO market, underpinned by a strong pipeline of

high-profile private companies and pent-up demand for new

listings.

*

(Reporting by Preetika Parashuraman in Bengaluru)