Bitget is launching preOPAI on IPO Prime, giving eligible users access to a token tied to OpenAI’s possible future listing.
Summary
- Bitget’s preOPAI token gives users OpenAI-linked exposure but does not represent direct company equity.
- The IPO Prime sale opens May 12, with preOPAI priced at $725 per token.
- OpenAI-linked token products have drawn caution before, as holders may not own real shares.
The product arrives as AI companies continue to draw strong market attention, with Bitget’s press release framing the launch around a fast-growing $4 trillion AI economy.
The exchange said preOPAI was issued by Republic on Solana. Bitget describes IPO Prime as a token sale platform for rare pre-IPO opportunities in global unicorn companies. The product uses a subscription model and is open only to eligible users.
preOPAI comes with strict terms
Bitget’s Monday announcement priced preOPAI at $725 per token. The total IPO Prime subscription size is 29,082 tokens, with a total subscription value of $21.08 million. The sale accepts USDT or USDGO, with the subscription period running from May 12 to May 15.
The exchange also listed an implied OpenAI valuation of $898.21 billion. Trading is scheduled to start on May 15 after allocation. Token distribution will happen in three parts, with 30% released on May 15, another 30% on June 15, and the final 40% on July 15.
Moreover, Bitget says preOPAI is designed to reflect OpenAI’s post-IPO economic performance. That claim should be treated with care because the token does not give holders direct ownership of OpenAI shares.
The terms state that preOPAI is not a direct investment in OpenAI. They also say there is no legal relationship between preOPAI and OpenAI, and that OpenAI has not endorsed, approved, or authorized the product.
Related reports show growing demand
Recent coverage noted that OpenAI’s private equity story is already moving into crypto-linked products. Robinhood Ventures Fund I bought about $75 million in OpenAI common stock in April to support tokenized retail exposure, but users did not receive direct OpenAI shares.
OpenAI has warned about such products before. After Robinhood promoted OpenAI-linked stock tokens in 2025, OpenAI said, “These ‘OpenAI tokens’ are not OpenAI equity.” It also added, “Please be careful.”
Meanwhile, the Bitget launch comes as OpenAI’s market profile keeps rising. Recent coverage reported that more than 600 current and former OpenAI workers sold $6.6 billion in shares in October 2025, with about 75 people reportedly reaching a $30 million sale cap.
Other reports said OpenAI crossed $25 billion in annualized revenue and may prepare an IPO filing in the second half of 2026. Still, OpenAI remains private, and any token tied to its possible listing carries product, legal, liquidity, and pricing risk.
