Bitget is launching a new token called preOPAI through its IPO Prime platform, giving eligible users exposure linked to a possible future IPO of OpenAI.
The exchange says the product is designed to reflect OpenAI’s potential post-IPO market performance, but it does not give users direct ownership of OpenAI shares. Bitget also clarified that OpenAI has not approved, endorsed, or officially partnered with the project.
According to the announcement, preOPAI was issued by Republic on the Solana blockchain. The token sale will open on May 12 through Bitget’s IPO Prime platform, which focuses on tokenized access to private or pre-IPO companies.
The token is priced at $725 each, with a total subscription size of 29,082 tokens worth about $21.08 million. Users can subscribe using USDT or USDGO between May 12 and May 15. Trading is expected to begin on May 15 after token allocations are completed.
Bitget said the token launch is based on an implied OpenAI valuation of around $898.21 billion. Token distribution will happen in stages, with 30% released in May, another 30% in June, and the remaining 40% in July.
However, the company also warned users that preOPAI is not a direct investment in OpenAI and does not provide legal ownership in the AI company. Similar OpenAI-linked crypto products in the past have faced criticism because buyers sometimes mistakenly believed they owned real company shares.
OpenAI itself has previously warned users to be cautious with unofficial “OpenAI tokens,” stating clearly that such products are not actual OpenAI equity.
The launch comes as interest in artificial intelligence companies continues to grow rapidly. Reports suggest OpenAI recently crossed $25 billion in annualized revenue and may prepare for an IPO filing in the second half of 2026. Still, the company remains privately owned, meaning products tied to its future market value carry significant legal, pricing, and liquidity risks.
