Bitget launched tokenized pre-IPO access to OpenAI through its IPO Prime platform, adding the artificial intelligence company as the second listing in a product line aimed at widening access to private-market exposure.
According to a press release received by The Coin Headlines, the OpenAI-linked product, listed as preOPAI, is issued on Solana by regulated partner Republic and is designed to track OpenAI’s economic performance following a future public listing.
Bitget expands pre-IPO access through Solana
The product opens access to OpenAI-linked pre-IPO exposure starting at $100, a structure Bitget says is aimed at retail users who are typically excluded from private-market deals, as investor demand for artificial intelligence companies continues to rise and the AI economy expands toward an estimated $4 trillion.
Bitget said the preOPAI commitment window is set to run from May 12 to May 15, with allocations and spot trading expected to follow later on May 15.
preOPAI offers tradable exposure before listing
Unlike traditional pre-IPO arrangements, which often carry long lock-up periods and limited exit options, preOPAI is structured to give holders more flexibility after allocation. Bitget said users will be able to trade their positions once distribution is completed, rather than waiting for a future listing event to unlock value.
The product also includes a settlement route after a potential OpenAI IPO. Around six months after a public listing, holders are expected to have the option to redeem their tokens into stock-linked assets or USDT, based on market pricing.
The model is built around economic exposure rather than direct equity ownership, a structure Bitget said is intended to create a more organized framework for tokenized pre-IPO products compared with typical token launches.
IPO Prime builds beyond SpaceX-linked product
preOPAI follows the earlier launch of preSPAX, a SpaceX-linked product that marked the first listing on IPO Prime. At the time of publication, Bitget said preSPAX had drawn more than 13,000 subscribers and $171 million in committed value.
Bitget CEO Gracy Chen said market access is changing as different asset classes move onto unified platforms, a shift the company says is reflected in the OpenAI-linked launch as it expands its Universal Exchange strategy across crypto, tokenized traditional assets and pre-IPO exposure.
OpenAI IPO timing remains unclear despite preOPAI launch
OpenAI has not announced a formal IPO date, though the company has been moving toward a possible public-market path as earlier expectations pointed to a listing that could value the AI giant at up to $1 trillion.
In April, OpenAI CFO Sarah Friar said the company plans to reserve part of any future IPO for retail investors, signaling that individual buyers could receive direct access if OpenAI goes public.
More recently, Friar was said to favor waiting until 2027 as OpenAI works through heavy spending commitments and the demands of public-market reporting.
