Bitget Stock IPO Prime Phase 2 OpenAI will open for subscription on May 12th

BlockBeats News, May 11th, according to an official announcement, the Bitget IPO Prime's second phase online asset is preOPAI, a digital token issued on the Solana blockchain by the regulated issuer Republic. It aims to mirror the economic performance of OpenAI after its listing in a 1:1 ratio.

The Bitget IPO Prime adopts a subscription model, where users can get a corresponding subscription quota based on their account level. Once the token distribution is completed, users can trade on the upcoming spot market; or after the end of the preOPAI's underlying debt asset lock-up period, the issuer will entrust Bitget to reference the target company's stock market price to redeem it for stock tokens or USDT.

IPO Prime Details:

• OpenAI Implied Valuation: $8982.1 billion

• IPO Prime Total Subscriptions: 29,082

• Total Subscription Value: $21,084,450

• Subscription Price: 1 preOPAI = $725

• Investment Currency: USDT or USDG

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

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

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

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

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

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