OpenAI's Future IPO Gets A Crypto Twist With Bitget's New Solana Token

• Bitget’s IPO Prime debuts preOPAI, a Solana-based token for pre-IPO access to OpenAI with a $100 entry.
• The preOPAI subscription price would be $725 per token, and the total size is 29,082 tokens, worth $21.08 million. 
• The launch follows Binance Research's “Finance Without Frontiers” report, naming tokenized pre-IPO products a structural trend.

Bitget's (BGB) IPO Prime said on Monday that it will offer a token for "pre-IPO exposure" to OpenAI (OPENAI) through preOPAI, meaning Solana (SOL) will issue tokens, and eligible users can enter with as little as $100.

Bitget said it priced pre-OPAI at $725 per token, with a total Prime IPO subscription size of 29,082 tokens, a subscription value of $21.08 million. The sale is available in USDT or USDGO. The subscription period is from 8:00 AM UTC on May 12 to 8:00 AM UTC on May 15.

OpenAI’s implied valuation was $898.21 billion, according to the exchange. The token will be issued on Solana through Republic and aims to mirror OpenAI’s listing performance on a 1:1 basis after the company went public.

Trading is expected to begin on May 15 after allocation. The token distribution will be divided into three stages, 30% on May 15, 30% on June 15, and 40% on July 15.

According to reports, PreOPAI does not give direct ownership of OpenAI shares. The terms explicitly state that there is no legal relationship between preOPAI and OpenAI and that the product has not been endorsed, approved, or authorized by OpenAI. 

Bitget also said the token is designed to mirror OpenAI's economic performance after the IPO, but that claim should be taken with a grain of salt given the absence of any equity link. Bitget also announced the launch of pre-IPO exposure for SpaceX, under the ticker preSPAX.

BGB’s price was trading at $2, up over 1% in the last 24 hours. On Stocktwits, retail sentiment around BGB remained in the ‘neutral’ zone, while chatter stayed at ‘high’ levels over the past day. 

Not The First Rodeo

This isn’t the first crypto-native effort to gain exposure to pre-IPO OpenAI. Previously, Robinhood (HOOD) co-founder Vlad Tenev commented that eligible European users could claim tokenized shares of private companies, including OpenAI and SpaceX. Soon after, OpenAI publicly disavowed the product, saying it had no affiliation with it.

Binance (BNB) Research's recent "Finance Without Frontiers" report stated that the trend is structural. Tokenized pre-IPO instruments and perpetual contracts offer a mechanism through which retail participants may access earlier points on that value curve,” said the report. 

In the secondary market, SpaceX, Anthropic, and OpenAI have appreciated by an average of 88% in 2026, which serves as an empirical reference for the magnitude of gains historically internalized by the accredited cohort, the report added.

Read also: One Wall Street Veteran Believes AI Could Be Bitcoin’s Biggest Bull Market Yet

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