Bitget will launch preOPAI on IPO Prime, providing eligible users with access to tokens associated with OpenAI’s potential future listing.
The product comes as AI companies continue to garner intense market attention, with Bitget’s press release centering the announcement on the burgeoning $4 trillion AI economy.
According to the exchange, preOPAI was issued by the Republic of Solana. Bitget describes IPO Prime as a token sales platform that offers rare pre-IPO opportunities in global unicorn companies. This product operates on a subscription model and is available only to eligible users.
preOPAI comes with strict conditions
Bitget’s announcement on Monday priced preOPAI at $725 per token. The total size of the IPO Prime subscription is 29,082 tokens, with a total subscription value of $21.08 million. You can use USDT or USDGO for this sale, and the subscription period is from May 12th to May 15th.
The exchange also disclosed OpenAI’s implied valuation of $898.21 billion. After the allocation, trading is scheduled to begin on May 15th. The distribution of tokens will be done in three parts: 30% will be released on May 15th, another 30% will be released on June 15th, and the final 40% will be released on July 15th.
Additionally, Bitget said preOPAI is designed to reflect OpenAI’s post-IPO economic performance. This claim should be treated with caution, as the token does not give the holder direct ownership of OpenAI shares.
The terms state that preOPAI is not a direct investment in OpenAI. It also states that there is no legal relationship between preOPAI and OpenAI, and that OpenAI does not endorse, approve or license this product.
Related reports show increased demand
Recent reports have pointed out that OpenAI’s private equity story is already moving into crypto-related products. Robinhood Ventures Fund I purchased approximately $75 million in OpenAI common stock in April to support tokenized retail exposure, but users did not receive OpenAI stock directly.
OpenAI has warned about such products before. After Robinhood promoted OpenAI-linked equity tokens in 2025, OpenAI stated that “these ‘OpenAI tokens’ are not OpenAI equity.” He also added, “Please be careful.”
Meanwhile, Bitget’s launch comes as OpenAI’s market profile continues to grow. Recent reports indicate that more than 600 current and former OpenAI employees sold $6.6 billion in stock in October 2025, with approximately 75 of them reaching the $30 million sale limit.
Other reports suggest that OpenAI’s annual revenue could exceed $25 billion and could prepare to file for an IPO in the second half of 2026. Yet OpenAI remains private, and there are product, legal, liquidity, and price risks associated with the token’s potential listing.
