Bitget Says OpenAI-Linked preOPAI Commitments Topped $100M Ahead of May 15 Deadline

Commitments surpass $100 million before close

Bitget said commitments for its OpenAI-linked preOPAI sale on IPO Prime exceeded $100 million before the subscription window closed on May 15 at 8:00 UTC. The exchange has positioned the product as a way for eligible users to gain exposure tied to OpenAI’s potential future public listing.

Bitget listed preOPAI as the second project on its IPO Prime offering page. Earlier reporting noted that the sale opened on May 12, with preOPAI priced at $725 per token. The same coverage emphasized that while the instrument is linked to OpenAI-related exposure, it does not represent direct equity in OpenAI.

What preOPAI is—and what it is not

According to Bitget’s support materials, preOPAI was issued by Republic and was designed to mirror OpenAI’s economic performance after a future public listing. Bitget’s own guide also states that preOPAI is not a direct investment in OpenAI.

The exchange further notes there is no legal relationship between preOPAI and OpenAI, and that OpenAI has not endorsed, approved, or authorized the product. These disclosures underline that the token is structured as an exchange-accessible product tied to a potential listing outcome, rather than ownership of the underlying private company.

Sale mechanics, commitment limits, and timeline

Bitget’s IPO Prime timeline set the commitment period from May 12 to May 15. Commitments for the product were made using USDT or USDGO, with a $100 minimum commitment requirement and a $300 million total commitment cap.

The exchange scheduled distribution for May 15 between 8:00 UTC and 12:00 UTC. Bitget also set the start of spot trading for 14:00 UTC on May 15, following distribution.

Risk disclosures highlighted in Bitget’s guide

Bitget’s guide warns that IPO Prime products carry risk factors that users should consider. Among the risks cited are changes in the underlying company’s valuation, the possibility that a public listing or another expected event does not occur, and secondary market liquidity risk.

These risk disclosures are consistent with the product’s structure: the exposure is linked to an anticipated market event and subsequent performance, and may be affected by outcomes that do not align with expectations, including the potential absence of an IPO.

Tokenized pre-IPO products draw user demand

The preOPAI launch follows Bitget’s earlier preSPAX product linked to SpaceX. Bitget said preSPAX attracted more than 13,000 subscribed users and reached $171 million in commitment value at the time of publication.

Market updates have also pointed to broader interest in tokenized real-world asset exposure. In 2025, Bitget and Bitget Wallet launched trading for more than 100 tokenized U.S. stocks and ETFs through Ondo, including companies such as Apple, Tesla, and Nvidia.

OpenAI-linked exposure remains the primary appeal

OpenAI continues to be one of the most closely watched private companies in the artificial intelligence sector. Recent reporting noted that more than 600 OpenAI employees sold shares in a $6.6 billion secondary sale, reflecting significant demand in private markets for AI-related equity exposure.

Bitget’s preOPAI sale brings that interest into a crypto exchange format by offering a tokenized product tied to OpenAI’s potential future listing and post-listing performance. However, disclosures around the product’s structure—particularly that it is not OpenAI equity and is not endorsed by OpenAI—remain central facts for users evaluating the offering.