Bitget Launches preOPAI Token Tied to OpenAI's Future IPO Speculation
Bitget is launching preOPAI, a new token linked to OpenAI’s potential future stock market listing. The move comes as interest in OpenAI grows, with reports of employee share sales and speculation about an initial public offering (IPO). Trading of preOPAI will begin on May 15, following a three-day subscription window. The subscription period for preOPAI runs from May 12 to May 15. Investors can participate using USDT or USDGO, with each token priced at $725. The total subscription size is set at 29,082 tokens, valuing the offering at $21.08 million.
Bitget’s pricing suggests an implied valuation of $898.21 billion for OpenAI. However, the token does not provide direct ownership of OpenAI shares or establish any legal connection to the company. Instead, it is designed to mirror OpenAI’s economic performance if the company eventually goes public.
Token distribution will occur in three stages over three months. OpenAI has previously cautioned against products claiming exposure to its shares without offering actual equity. The company remains private, meaning any token tied to its potential listing carries risks related to product structure, legality, liquidity, and pricing. Trading of preOPAI will start on May 15, following the allocation process. The token reflects OpenAI’s market potential but does not grant holders direct ownership or legal ties to the company. Investors face risks due to OpenAI’s current private status and the speculative nature of the product.
Read also:
- India's Agriculture Minister Reviews Sector Progress Amid Heavy Rains, Crop Areas Up
- Cyprus, Kuwait Strengthen Strategic Partnership with Upcoming Ministerial Meeting
- Inspired & Paddy Power Extend Virtual Sports Partnership for UK & Ireland Retail
- South West & South East England: Check & Object to Lorry Operator Licensing Now
