Question 1

What is Segment Capital?

Accepted Answer

Segment Capital is an infrastructure platform and investment navigator inside Telegram. We help you explore curated IPO, pre-IPO, and infrastructure directions from partners, compare parameters and risks, and submit a request to discuss terms.

Question 2

What is an IPO

Accepted Answer

An IPO (Initial Public Offering) is the first sale of a company’s shares to the public, where the pool of potential buyers is essentially unrestricted. Such offerings are typically conducted through a stock exchange, which is why an IPO is referred to as a public listing of shares.
For the company (the seller of shares), an IPO is a way to raise capital for growth and development. For investors, purchasing shares on the exchange provides an opportunity to earn returns either through dividends paid from the company’s profits or through appreciation in the share price.
Before an IPO, a company is considered private, and its shares are held by founders, employees, and early investors. These shares are not traded on an exchange, although they may be available on the over-the-counter (OTC) market. After the IPO, the company becomes public, and its shares begin trading on a stock exchange.

Question 3

What is Pre-IPO

Accepted Answer

Pre-IPO investments are investments in shares of private companies at a stage prior to their public listing (IPO). SEGMENT Capital partners select top-tier companies from Silicon Valley that, based on key indicators, are expected to go public within the next 1–3 years. These companies are often larger than many publicly traded firms, with valuations exceeding $1 billion.
Until recently, such opportunities were доступные only to large investors with capital starting from several million dollars. SEGMENT Capital partners have made these investments accessible with a minimum investment amount starting from $10,000.

Question 4

Application fill rate

Accepted Answer

Allocation is the percentage of an application that is executed. The higher the demand for a particular investment, the smaller the share allocated to each investor. For example, if you submit an application for $100,000 and the allocation is 30%, you will receive shares worth $30,000, while the remaining $70,000 will be returned to your account and will not be invested.
In 2025, the average allocation for IPO opportunities was approximately 33%. Allocation for pre-IPO investments is typically 100%, as the purchase mechanism differs.

Question 5

IPO selection criteria

Accepted Answer

There are up to 100 IPOs in the annual IPO calendar on average, but our partners do not participate in all of them. Each company that files for a public offering is carefully evaluated based on its product, customer base and growth rate, market size, revenue growth over recent years, and other key metrics.
One of the key indicators used to assess post-IPO growth potential is the P/S ratio (Price-to-Sales). A lower P/S suggests that a company may be undervalued and its shares could have strong upside potential. It is also important to compare the company’s P/S with that of publicly traded peers. For example, if a company has a P/S of ×10, while its competitors trade at ×15 and ×20, its shares are likely to have significant growth potential after the IPO.

Question 6

Is Segment Capital a broker?

Accepted Answer

No. Segment Capital is not a broker, dealer, asset manager, or investment adviser. We provide informational access and navigation to partner solutions.

Question 7

Does Segment Capital accept investor funds?

Accepted Answer

No. Segment Capital does not accept client funds, payments, or assets. All settlements occur directly between the investor and the relevant partner.

Question 8

Pre-IPO company selection

Accepted Answer

SEGMENT Capital partners primarily focus on companies founded and developed in Silicon Valley, California, USA. The region is a global hub for leading technology companies and the birthplace of startups shaping the future.
The second key criterion is growth driven by institutional capital. Our partners select companies that demonstrate rapid scaling and consistently attract funding from top-tier investment funds at each stage of development.
The third criterion is business maturity. Only companies with established operations and valuations ranging from hundreds of millions to billions of dollars are considered. These are not early-stage startups, but companies that, based on all indicators, are expected to go public within the next 1–3 years.

Question 9

Application process and minimum investment threshold

Accepted Answer

The IPO opportunities that pass partner selection are published on the SEGMENT Capital platform. To participate in an IPO investment with SEGMENT Capital, investors must submit an application within the specified timeframe. The subscription window typically remains open for 7–10 days from the moment the investment opportunity is published.
Investors can submit an application for any amount starting from $5,000.

Question 10

Notification of upcoming IPOs

Accepted Answer

As soon as a new investment opportunity appears on our partner’s platform, we notify our investors via email and publish details about the upcoming IPO in our official Telegram channel.
Investors should pay close attention to the risk level, potential returns (both per deal and annualized), as well as the application deadline.

Question 11

Price updates

Accepted Answer

Until a company goes public, its share price changes from one funding round to another. These updates do not occur frequently, but we continuously monitor key company developments within investor portfolios and keep clients informed.
While share prices for some companies can be found in public sources, prices from the latest funding round and the secondary (OTC) market do not always match. In some cases, shares are traded at a premium to the most recent round.

Question 12

Who provides the investment products?

Accepted Answer

Investment products and infrastructure solutions are provided by third-party partners — investment firms, funds, and financial institutions. Segment Capital helps you navigate and forwards your request.

Question 13

Exit before IPO

Accepted Answer

If you wish to exit an investment prior to the IPO — for example, to lock in profits due to an increase in share prices — our partners can provide this opportunity. No additional fees are charged for an early exit.

Question 14

Application collection, allocation, and distribution

Accepted Answer

1–2 days before the IPO date, our partners close the order book. Once you submit an application, it will appear in your account on the SEGMENT Capital partner platform. Recently, both the number and volume of IPO applications have been increasing, although this has not yet significantly impacted allocation rates. The minimum application amount to participate in an IPO remains $5,000.
Allocation determines the portion of your application that is actually executed. For example, if the overall allocation for our partner is 30% and you submit an application for $100,000, then $30,000 will be invested, while the remaining $70,000 will be returned to your account and can be used for future IPO opportunities.
The final distribution of shares among investors takes place on the IPO day. You will be able to see the number of allocated shares and the invested amount in your account on the SEGMENT Capital partner platform.

Question 15

Who is the counterparty to the transaction?

Accepted Answer

Transactions are concluded directly between the investor and the relevant partner / financial institution. Segment Capital is not a party to the transaction.

Question 16

Alternative exit scenarios

Accepted Answer

In addition to selling shares or exiting via an IPO, there are several scenarios in which SEGMENT Capital partners may close a pre-IPO investment:
M&A transaction — the company is acquired by another company. In this case, the investor’s profit or loss depends on the deal terms. If the acquisition is made at a premium, it can result in a highly favorable outcome for investors.
Company bankruptcy — in this scenario, the investor does not receive any return. However, such cases are rare. Among the companies selected by our partners, there have been no such instances.
Secondary market sale (initiated by partners) — if it becomes clear that an IPO will not take place, is postponed indefinitely, or the company’s outlook deteriorates (e.g., inability to raise new funding, prolonged debt over three years, lack of revenue growth, etc.), our partners may sell the shares on the secondary market in the best interest of investors.

Question 17

Fees

Accepted Answer

For participating in IPO investments, SEGMENT Capital partners charge the following fees:
Entry fee — 5% of the invested amount (based on the value of purchased shares). Charged at the start of the investment.
Exit fee — from 0.1% of the amount received from the sale of shares (depending on the selected tariff). Charged upon closing the investment.
Performance fee — not charged.

Question 18

What happens after I submit an application?

Accepted Answer

The Segment Capital team receives your request, a manager contacts you, clarifies parameters, provides materials, and guides the next step. If interested, you are connected to partner infrastructure.

Question 19

How does Segment Capital select solutions?

Accepted Answer

Solutions undergo internal selection based on access terms, risk level, horizon, minimum entry, partner infrastructure, available information, and legal/operational logic.

Question 20

IPO performance

Accepted Answer

Since 2025, for every 11 profitable IPOs selected by SEGMENT Capital partners, there have been 2 unprofitable ones.
You can review the results of IPO deals you are likely familiar with in the “Deal Archive” section of our Telegram Mini App.

Question 21

Fees

Accepted Answer

For participation in pre-IPO investments, SEGMENT Capital partners charge the following fees:
Entry fee – from 3.5% of the invested amount (depending on the selected tariff). Charged at the start of the investment.
Exit fee – from 0.5% of the amount received from the sale of shares (depending on the selected tariff). Charged upon closing the investment.
Performance fee – 20% of net profit. Charged upon closing the investment, after all other fees have been applied.

Question 22

How to open a brokerage account?

Accepted Answer

Choose a broker from the catalog, submit an application, and our manager will help with the account opening process. It usually takes 1-3 business days.

Question 23

Is a return guaranteed?

Accepted Answer

No. Estimated potential and forecasts are not a guarantee of future results. Investments involve the risk of capital loss.

Question 24

Is my data secure?

Accepted Answer

Yes. We do not store financial data. All transactions go through licensed partners. Your contact information is used only for communication and is passed to CRM for application processing.

Question 25

What are the risks?

Accepted Answer

Key risks include capital loss, limited liquidity, changing terms, and market volatility. Risks for each direction are listed on the product card.

Question 26

In which countries is the service available?

Accepted Answer

Availability depends on the partner jurisdiction and specific product requirements. A manager will clarify availability for your region after you apply.

Frequently Asked Questions