Gain economic exposure
to the performance of OpenAI

IPO Prime is Bitget's innovative token sale platform, launched in April 2026, offering rare investment opportunities in global unicorns before their IPOs and potential economic upside.

IPO Prime adopts a subscription-based commit model, where eligible users can participate in the subscription. The individual commit limit will be tied to the user's Bitget VIP level.

Tokens listed on IPO Prime are digital tokens issued by a compliant issuer, designed to reflect the economic performance of the underlying company after its IPO.

The token is issued by Republic International Cayman, an offshore entity within the Republic group (republic.com) — one of the world's largest regulated private investment platforms. Republic has facilitated billions of dollars in transactions since 2016 and is backed by institutional investors including Valor Equity Partners and Galaxy.

No. IPO Prime tokens offer economic exposure to the reference companies but are not a direct equity investment. Holders of the tokens receive payouts that track the performance of the shares in the reference company after an IPO, acquisition, or after a 10 year maturity. The tokens represent a debt obligation from the issuer to make that payment, at the terms outlined in the offering documents, to the token holders. These tokens are not actual shares in the reference company, and purchasing or owning them does not constitute ownership of corporate equity and does not confer voting rights, dividend rights, or any other shareholder rights. preOPAI tokens are not affiliated with the company OpenAI and have not received any form of approval or endorsement from OpenAI.

Once the IPO Prime promotion has ended, users can trade the tokens on the over-the-counter (OTC) market that will open later. Alternatively, users can hold the token to receive the payout following an IPO by OpenAI. The payout is calculated and due to token holders 6 months after an OpenAI IPO (to reflect the 6 month lockup on all pre-IPO stock). At this point, the issuer will entrust Bitget to convert preOPAI into OpenAI stock tokens or USDT with the amount reflecting OpenAI’s share price at market closing, subject to the terms set forth in the debt instrument, offering documentation, and subscription agreement.

If the reference company’s IPO does not happen, the token remains tradeable until there is another qualifying liquidity event (like an acquisition), the company dissolves, or the token reaches maturity after 10 years, at which point the payout to token holders is made based on an independent, third party assessment of the market value of the reference company’s shares. Please see the offering documents for details on the terms of purchase and ownership for the token.

No. Eligible users can participate for free. Token swap fees are subject to the terms of the subscription agreement.

No. Bitget IPO Prime products involve various investment risks, including but not limited to: fluctuations in the valuation of the underlying company, the risk of a qualifying triggering event not occurring, and secondary market liquidity risks. Digital asset prices may fluctuate significantly, and your principal investment may be at risk of loss. Bitget does not guarantee any investment returns. Ensure you fully understand the risks before participating. Only invest funds you can afford to lose, and consider seeking independent professional advice if necessary.

The digital assets listed on Bitget IPO Prime are issued by compliant issuers. The issuer or its partners own exposure to the reference company, via equity ownership or similar structures, in the reference company through compliant channels.