WaterX has completed the first SpaceX Pre-IPO allocation sale on the Sui chain, which sold out in 50 minutes
BlockBeats News, June 7th, according to official sources, Sui's on-chain AI-native trading platform WaterX completed the first round of SpaceX (SPCX) Pre-IPO quota sale on May 27th last week. The sale was conducted on a first-come, first-served basis and was sold out in 50 minutes. This marks the first Pre-IPO quota sale of a real private market company on the Sui blockchain. The rapid subscription of the first round demonstrated strong demand for scarce assets in the market. For the Sui ecosystem, it signifies that private market assets are becoming a new category that this public chain can support. Subsequent rounds and assets will be announced through the official WaterX channels.
WaterX is an AI-native trading platform built on Sui, integrating perpetual contracts, prediction markets, and tokenized RWAs as its three core engines. Recently, WaterX announced its selection into the Sui Foundation's Moonshots Program. The WaterX prediction market is also set to launch soon, with the first wave covering all FIFA World Cup event markets. To celebrate the launch, WaterX will simultaneously launch the "2026 World Cup Blind Box" event: users can choose the team they support and invite friends to join, and on the day of the launch, they can open a World Cup-exclusive blind box.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Updated version 1 - Reports indicate Firmus is considering adjusting its $5 billions IPO plan, while Australia's Maas Group shares plunged 30%.
Reuters, October 8 – On Thursday, Maas Group's (MGH.AX) shares plummeted by as much as 30% following reports that Nvidia (NVDA.O)-backed AI company Firmus is considering adjusting the terms of its much-anticipated $5 billion IPO. The stock fell to AUD 4.47, marking its largest intraday drop and the lowest point since May 6, wiping about AUD 694 million ($483.37 million) off the construction services company’s market capitalization. Key details: - Maas holds a 3.2% stake in the data center operator and had previously pledged an additional AUD 300 million at a per-share price of AUD 230 for both common and preferred stock earlier in August (link). - In an exchange filing, Maas stated that speculation about whether the IPO would proceed as scheduled has put market sentiment under pressure and added that it is not aware of any undisclosed information to explain the trading situation. - Firmus lists OpenAI as an anchor customer and is preparing what would be the second-largest IPO in Australian history (link). Reports earlier this week suggested the company might lower its offering price from AUD 11 per share. - If this listing proceeds smoothly, it would be Australia’s largest IPO in nearly 30 years, second only to the approximately $10 billion IPO by leading telecom operator Telstra (TLS.AX) in 1997. - Prior to Thursday’s sharp drop, Maas Group’s shares had already risen about 44% over the past 12 months, with investors valuing its link to AI-driven data center construction. - Firmus has not yet responded to Reuters’ request for comment. ($1 = AUD 1.4358) (For the convenience of non-English speakers, Reuters provides its reports through automated translation in several other languages. Due to possible inaccuracies or lack of proper context, Reuters does not guarantee the accuracy of automated translations and provides these solely for reader convenience. Reuters assumes no responsibility for any damage or losses arising from the use of automated translation functions.)
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