Bitget said commitments for its OpenAI-linked preOPAI sale on IPO Prime passed $100 million before the subscription period closed on May 15 at 8:00 UTC.
The product gives eligible users exposure linked to a possible future public listing of OpenAI, although it does not represent direct ownership or equity in the company.
Bitget listed preOPAI as the second project on its IPO Prime platform. Earlier reports said the sale opened on May 12, with each preOPAI token priced at $725.
According to Bitget’s support page, preOPAI was issued by Republic and designed to track OpenAI’s economic performance if the company eventually goes public. Users could commit funds using USDT or USDGO, with a minimum commitment of $100 and a total cap of $300 million.
The IPO Prime schedule showed the subscription window running from May 12 to May 15. Token distribution was planned for May 15 between 8:00 UTC and 12:00 UTC, while spot trading was scheduled to begin later that day at 14:00 UTC.
Bitget also clarified that preOPAI is not a direct investment in OpenAI. The exchange stated there is no legal relationship between the product and OpenAI, and that OpenAI has not endorsed, approved, or authorized the offering.
The platform warned users that IPO Prime products carry several risks, including changes in company valuation, the possibility that a public listing may never happen, and risks tied to secondary market liquidity.
The launch follows Bitget’s earlier preSPAX product linked to SpaceX. According to Bitget, preSPAX attracted more than 13,000 subscribed users and reached $171 million in commitments.
Interest in tokenized real-world assets has also been growing across the crypto market. Earlier reports showed Bitget and Bitget Wallet launched trading for more than 100 tokenized U.S. stocks and ETFs through Ondo Finance, including shares linked to Apple, Tesla, and NVIDIA.
OpenAI remains one of the most closely watched private AI companies. Recent reports also showed that more than 600 OpenAI employees sold shares in a $6.6 billion secondary sale, highlighting strong investor demand for AI-related exposure.
The preOPAI product brings that demand into the crypto market, but investors are being reminded that holding the token is different from directly owning OpenAI shares.
