Pre-IPO stocks

Pre-IPO stocks are shares of private companies before they list, priced in private funding rounds with no public order book. Some venues list contracts on names like Anthropic, and with no exchange price to copy, the venue builds the reference, which is the first thing to read before trading one. See which pre-IPO names are listed, and how a listing day prints.

Go on

On MochatradeSee what you can trade on Mochatrade
  • IPO (US)A US IPO is a company's first sale of shares to the public, registered with the SEC in an S-1 filing. In June 2026…
  • Order bookAn order book is the list of every resting buy and sell order, bids on one side and asks on the other, sorted by…
  • SPY ETFSPY is the SPDR S&P 500 ETF, the first US-listed ETF (1993) and one of the most traded securities on earth, so its…
  • Direct listing / SPACA direct listing puts existing shares on an exchange with no new shares and no underwriter, so the opening auction…
  • ETF creation and redemptionETF creation and redemption is how an ETF's price stays near the value of its holdings: large dealers swap baskets of…
  • 24/7 trading24/7 trading means a contract keeps trading through nights, weekends and holidays while the underlying exchange is…

Where it comes up