Bitget lists OpenAI-linked token preOPAI for $100 pre-IPO

Bitget has listed preOPAI, a token linked to OpenAI, on its IPO Prime platform and opened pre-IPO subscriptions from May 12, 2026, 08:00 UTC to May 15, 2026, 08:00 UTC. Allocations will be distributed on May 15 between 08:00 and 12:00 UTC, and spot trading will begin at 14:00 UTC the same day.

The token is issued on the Solana blockchain by regulated partner Republic and is structured to track OpenAI’s economic performance after a future public listing. Bitget said preOPAI does not represent direct equity. The offering sets a $100 minimum commitment to allow smaller investors to participate. After allocations are distributed, holders can trade their positions on the platform rather than remaining in extended lock-ups common in conventional pre-IPO deals.

Bitget outlined a settlement option about six months after any public listing: token holders could redeem into stock-linked assets or convert holdings into USDT at market prices. The company described the issuance as using regulated intermediaries to create a structured product that ties token value to an issuer’s public-market outcomes.

According to Bitget, an earlier IPO Prime listing linked to SpaceX, called preSPAX, drew more than 13,000 subscribers and $171 million in commitments. Bitget describes IPO Prime as part of its Universal Exchange model, which combines crypto trading, tokenized traditional assets and pre-IPO products on a single platform.

Gracy Chen, Bitget’s chief executive officer, commented: “We’re moving toward a system where different asset classes and opportunities come together on one platform, and where access is no longer limited by structure. That’s the direction we see for the future of finance, and what we are building toward here at Bitget, the Universal Exchange.”

Bitget cautioned that digital asset prices can be volatile and advised potential investors to allocate only funds they can afford to lose. The company recommended seeking independent financial advice, noted that past performance is not an indicator of future results, and said it accepts no liability for losses arising from token trading or redemption.

Bitget says it serves more than 125 million users and offers access to over 2 million crypto tokens, tokenized stocks, ETFs, commodities, foreign exchange and precious metals.