# 散户

Why do people say Gate’s Pre-IPOs are retail investors’ “system dividend”?
#Gate Launches Pre-IPOs
We all know the pain points of traditional IPOs: what retail investors can buy is often shares that have already risen several rounds after going public, or they can’t get allocated at all. Gate’s digital Pre-IPOs directly break this “institutional privilege.”
I think the biggest three advantages are:
· Time advantage – gain exposure a few months before the company goes public, or even earlier;
· Capital efficiency – participate using USDT, no need to exchange currencies, no need for overseas acc