Bitget IPO Prime Phase 2: OpenAI Subscription Opens May 12

Odaily reported that according to the official announcement, the asset listed in Phase 2 of Bitget IPO Prime is preOPAI, a digital token issued by the regulated issuer Republic on the Solana blockchain, designed to mirror the post-IPO economic performance of OpenAI on a 1:1 basis. As a leading global consumer-grade AI provider, OpenAI's official data shows approximately 900 million weekly active users. Its most recent funding round reached $122 billion, with participating institutions including Microsoft, NVIDIA, Amazon, and SoftBank.

Bitget IPO Prime adopts a subscription model, allowing users to obtain corresponding subscription quotas based on their account tier. After the token distribution is completed, users can trade on the upcoming spot market; alternatively, after the lock-up period for the underlying debt asset of preOPAI ends, the issuer will entrust Bitget to convert them into stock tokens or USDT for users, referencing the market price of the target company's stock.

IPO Prime Details:

• Implied Valuation of OpenAI: $898.21 billion

• Total IPO Prime Subscription Amount: 29,082

• Total Subscription Value: $21,084,450

• Subscription Price: 1 preOPAI = $725

• Accepted Currency: USDT or USDGO

• Total Subscription Pool Cap: $300,000,000

• Individual Subscription Range: $100 - $600,000

• Subscription Period: May 12, 16:00 to May 15, 16:00 (UTC+8)

• Allocation Time: May 15, 16:00 to 20:00 (UTC+8)

• Spot Trading Start Time: May 15, 22:00 (UTC+8)

• Distribution Schedule: 30% released on May 15, 30% released on June 15, 40% released on July 15