I certainly think the 2c options will be in the money as already...

I certainly think the 2c options will be in the money as already 1c lower than the initial pre-ipo price
As I understand it, the pre-ipo is to enable the sponsors of the IPO later this year, together with their associates to get in early for a discount [discount against 3c] Same deal is also offered to shareholders.
Thus I am expecting the IPO later this year to be higher than 3c - how much higher remains to be seen. 4c would be nice as double the 2c option.
I am trying to put as much into the pre-ipo as I can - swapping out of some other shares as part of the mix - and todays interest rate hike has not helped that cause. hopefully markets will get over it by the time when the pre-ipo is issued