PANews reported on May 11 that, according to an official announcement, the second phase of Bitget IPO Prime will list preOPAI, a digital token issued on the Solana blockchain by the regulated issuer Republic. It aims to mirror OpenAI's post-IPO economic performance on a 1:1 basis. As a leading global consumer AI provider, OpenAI's official data shows approximately 900 million weekly active users. Its most recent funding round raised $122 billion, with investors including Microsoft, Nvidia, Amazon, and SoftBank.

Bitget IPO Prime uses a subscription model, where users can obtain a subscription quota based on their account level. After the token allocation is completed, users can trade them on the soon-to-be-opened spot market; alternatively, after the lock-up period for the underlying debt assets of preOPAI ends, the issuer will entrust Bitget to exchange them for stock tokens or USDT, referencing the stock market price of the underlying company.

IPO Prime Details:

• OpenAI's implied valuation: $898.21 billion

• Total IPO Prime subscriptions: 29,082

• Total subscription value: $21,084,450

• Subscription Price: 1 preOPAI = $725

• Deposit currency: USDT or USDGO

• Total cap for investment pool: $300,000,000

• Individual investment range: $100 - $600,000

• Implementation period: 16:00 on May 12 to 16:00 on May 15 (UTC+8)

• Allocation time: 16:00 to 20:00 on May 15 (UTC+8)

• Spot trading time: 22:00 on May 15 (UTC+8)

• Distribution schedule: 30% released on May 15th, 30% released on June 15th, and 40% released on July 15th.