Bitget said commitments for its OpenAI-linked preOPAI sale on IPO Prime passed $100 million before the subscription window closed on May 15 at 8:00 UTC.
Summary
- Bitget said OpenAI-linked preOPAI commitments passed $100 million before the May 15 subscription deadline.
- Crypto.news earlier noted preOPAI offers OpenAI-linked exposure but does not represent direct company equity.
- Bitget’s own terms say OpenAI has not endorsed, approved or authorized the preOPAI product.
The product gives eligible users exposure tied to OpenAI’s possible future public listing.
The exchange listed preOPAI as the second project on IPO Prime. Earlier crypto.news coverage said the sale opened on May 12, with preOPAI priced at $725 per token. It also noted that the product gives OpenAI-linked exposure but does not represent direct company equity.
How the preOPAI sale works
Bitget’s support page says preOPAI was issued by Republic and designed to mirror OpenAI’s economic performance after a future public listing. The product used USDT or USDGO for commitments, with a $100 minimum and a $300 million total commit cap.
The IPO Prime timeline listed May 12 to May 15 as the commitment period. Distribution was scheduled for May 15 between 8:00 UTC and 12:00 UTC, with spot trading set to start at 14:00 UTC on the same day.
Moreover, Bitget’s own guide says preOPAI is not a direct investment in OpenAI. It also says there is no legal relationship between preOPAI and OpenAI, and that OpenAI has not endorsed, approved or authorized the product.
The same guide warns that IPO Prime products carry risks. These include changes in the underlying company’s valuation, the chance that a public listing or other event does not happen, and secondary market liquidity risk.
Tokenized pre-IPO access gains attention
The preOPAI launch follows Bitget’s earlier preSPAX product linked to SpaceX. Bitget said preSPAX drew more than 13,000 subscribed users and $171 million in commitment value at the time of publication.
Market updates have also shown wider interest in tokenized real-world assets. Crypto.news reported in 2025 that Bitget and Bitget Wallet launched trading for more than 100 tokenized U.S. stocks and ETFs through Ondo, including names such as Apple, Tesla and Nvidia.
AI exposure remains the main draw
OpenAI remains one of the most watched private AI companies. Crypto.news recently reported that more than 600 OpenAI employees sold shares in a $6.6 billion secondary sale, showing strong private-market demand for AI-linked equity exposure.
The preOPAI sale now brings that demand into a crypto exchange format. The product may appeal to users seeking exposure to future AI listings, but its structure differs from owning OpenAI shares directly. That distinction remains central for investors watching the sale.
