PreIPO stocks are distinguished from Private Equity stocks by the fact that an Initial Public Offering is underway. The IPO is not simply within the issuing company’s plan but really ongoing. There are a number of platforms proposing these PreIPO stocks but some of them confuse PreIPO and Private Equity stocks. As the IPO is a major value creation due to the difference of models of valuation between the private market and the public market the PreIPO SPAC focuses on capturing the value generated by the IPO.