NightWatchObservatory
Collective Intelligence Protocol
HomeCrisisOne PriceObservatoryResearch
Hive โ†’

Pre-IPO and newly listed AI names have market prices, and the venues disagree.

OpenAI and Anthropic (still private) and Zhipu (listed in Hong Kong this year) trade around the clock on several venues at once, each with its own mark. Korea and Japan exposure trades 24/7 with no local brokerage. Below: the disagreement, the exposure, and what is coming next.

Private names priced
โ€”
pre-IPO names on our board right now
Widest venue gap
โ€”
needs a name priced on two venues
Asia rails priced
โ€”
Korea, Japan, China

AI labs: the models moving the market

The labs we watch: tradable, cross-verified.

Reading AI-lab marks.

Live pre-IPO / HIP-3 perp marks: a market's opinion of a private company, not an official valuation. Leveraged (โ€ฆ3L/3S) and namesake meme tokens are filtered out. Not investment advice.

One private company, several opinions

Each dot is one venue's mark. The shaded span is the gap between the lowest and highest.

Waiting for the first board reading.

A gap between venues is a difference in marks, not a guaranteed profit: fees, funding and transfer time sit in between.

no board data

Asia exposure without a local account

Priced around the clock on a 24/7 rail. Shading on the weekly line marks the home exchange's open hours.

Korea equities ETF EWY

US-listed Korea ETF

Not priced on our board right now.

Korea 200 index KR200

KOSPI 200 perp

Not priced on our board right now.

Hyundai Motor HYUNDAI

Seoul-listed stock

Not priced on our board right now.

Japan equities ETF EWJ

US-listed Japan ETF

Not priced on our board right now.

Japan 225 index JP225

Nikkei 225 perp

Not priced on our board right now.

Alibaba BABA

Hong Kong / US-listed

Not priced on our board right now.

Seven-day history is not available right now; lines show the last 24h from the board.

no board data

Pre-IPO rails

Where private-company exposure can be traded today.

Helix (Injective): iAssets pre-IPO perps

OPENAI, SPACEX, ANTHROPIC (pre-IPO)

First onchain decentralized pre-IPO perps (2025-10); 24/7/365 on the Injective orderbook.

Hyperliquid: Ventuals (HIP-3)

private-company valuation perps, rail dormant

HIP-3 dex for pre-IPO valuation perps; specific live tickers unconfirmed from an official page.

Tokenized SpaceX exposure on VQ

SpaceX (spot tokenized security)

One of the few exchange routes to private-company exposure: 15 tokenized securities incl. SpaceX.

survey ยท static ยท dataset as of 2026-07-22

China: the memory challenger

ChangXin Memory CXMT

not priced on our board right now

China's DRAM challenger to Samsung and SK Hynix. A live mark appears here whenever the board prices it.

our RWA board ยท no board data

Big scalers

Large caps on the same rail.

Full desk on the 24/7 stocks & RWA tab.

no board data

Watchlist: robotics, space, bio. Rails not yet live.

Sponsored