Bitget is introducing preOPAI through its IPO Prime platform, giving eligible users access to a token linked to the potential future public listing of OpenAI.
Summary
Bitget’s preOPAI token offers OpenAI-linked market exposure but does not provide direct ownership of OpenAI equity.
The IPO Prime subscription sale begins on May 12, with each preOPAI token priced at $725.
Similar OpenAI-linked crypto products have previously faced scrutiny because holders do not receive actual company shares.
The launch arrives as artificial intelligence companies continue attracting enormous investor attention, with Bitget positioning the product around what it describes as a rapidly expanding $4 trillion AI economy.
According to the exchange, preOPAI was issued by Republic on Solana. Bitget describes IPO Prime as a token sale platform designed to provide access to rare pre-IPO opportunities connected to global unicorn startups. The subscription-based offering is available only to eligible users.
preOPAI includes strict limitations
In Monday’s announcement, Bitget confirmed that preOPAI would be sold at $725 per token. The offering includes 29,082 tokens, implying a total subscription value of approximately $21.08 million. Users can participate using USDT or USDGO, while the subscription window will remain open from May 12 through May 15.
The exchange also listed an implied valuation for OpenAI at nearly $898.21 billion. Trading for the token is expected to begin on May 15 following token allocation. Distribution will happen in stages, with 30% unlocked on May 15, another 30% on June 15, and the remaining 40% on July 15.
Bitget says preOPAI is structured to mirror OpenAI’s post-IPO economic performance if the company eventually goes public. However, the company also clarified that the token does not represent direct ownership of OpenAI stock.
The terms explicitly state that preOPAI is not an equity investment in OpenAI, carries no legal relationship with the company, and has not been approved, authorized, or endorsed by OpenAI itself.
OpenAI-linked crypto products face ongoing scrutiny
Interest in tokenized exposure to private AI firms has been increasing rapidly. Earlier reports indicated that Robinhood Ventures Fund I purchased approximately $75 million worth of OpenAI common stock in April to support tokenized retail exposure products, though users still did not receive direct OpenAI shares.
OpenAI has previously warned users about similar offerings. After Robinhood promoted OpenAI-linked stock tokens in 2025, OpenAI publicly clarified that such “OpenAI tokens” were not actual company equity and advised investors to remain cautious.
Meanwhile, OpenAI’s market profile continues expanding rapidly. Reports suggest that more than 600 current and former OpenAI employees sold roughly $6.6 billion worth of shares in October 2025. Other reports indicate the company has surpassed $25 billion in annualized revenue and may consider filing for an IPO during the second half of 2026.
Despite growing excitement around AI-linked crypto products, OpenAI remains a privately held company, meaning any token tied to a future listing still carries substantial legal, pricing, liquidity, and regulatory risks.
