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Bitget has expanded its IPO Prime platform by adding OpenAI (preOPAI), offering users early exposure to one of the most closely watched artificial intelligence names. The listing, announced on May 11, is the second asset to go live on the platform and is part of Bitget’s effort to make pre-IPO opportunities more accessible to retail users.
The preOPAI token is issued on Solana in partnership with the regulated platform Republic. Bitget says the token does not represent direct equity. Instead, it is designed to track OpenAI’s economic performance following a potential future public listing.
Bitget describes the structure as a way to provide a more flexible participation mechanism in high-profile private market opportunities.
Bitget is a global crypto exchange known for spot trading, derivatives, copy trading, and tokenized investment products. The platform positions itself as a “Universal Exchange,” combining crypto, tokenized traditional assets, and pre-IPO exposure.
For preOPAI, Bitget is launching the offering as a token sale, a model commonly used by crypto platforms to distribute new assets to users before broader trading begins. In an IEO (initial exchange offering), the exchange hosts the sale, manages distribution, and typically includes additional screening compared with open token launches.
The launch arrives as investor interest in artificial intelligence continues to rise, with the sector widely viewed as a major long-term investment theme. Access to companies like OpenAI has historically been limited to institutional investors and private networks, leaving retail participants with fewer options.
Bitget’s IPO Prime model is intended to narrow that gap by combining tokenized exposure with post-distribution trading and a defined redemption path. Bitget states that about six months after a potential IPO, holders may be able to redeem their tokens into stock-linked assets or USDT, depending on market pricing.
Bitget’s OpenAI launch follows its earlier preSPAX offering linked to SpaceX. That earlier sale reportedly drew more than 13,000 subscribers and $171 million in commitments. Bitget appears to be building a broader token-sale framework around high-demand private market names through its IPO Prime platform.
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