OpenAI PreStocks 

OPENAI Price

What is the OpenAI PreStocks (OPENAI) token?

OpenAI PreStocks (OPENAI) is a tokenized pre-IPO instrument that gives on-chain traders price exposure to OpenAI Group PBC without buying private equity directly. OpenAI PreStocks is an SPL token on Solana, issued by the PreStocks platform to track OpenAI's implied private valuation. OpenAI PreStocks grants no shareholder rights — no equity ownership, no voting power, and no dividends. According to DropsTab, OpenAI PreStocks began trading on 24 September 2025 and ranks #3 in the PreStocks Ecosystem category as of May 2026, after Anthropic and SpaceX.

How does the PreStocks platform work?

PreStocks is a Solana-based platform that creates Special Purpose Vehicles (SPVs) to acquire shares in private companies, then issues SPL tokens tracking proportional exposure to those SPVs. PreStocks launched in August 2025, backed by Republic Capital, and is led by CEO Xavier Ekkel. Token holders can request redemption for USDC at secondary-market value, subject to KYC approval. PreStocks markets its tokens as 1:1 SPV-backed, but as of May 2026 has not published the attestation reports promised at launch, and no independent auditor has verified the holdings.

What's the difference between OpenAI PreStocks and the OpenAI Pre-IPO Perpetual?

OpenAI PreStocks and the OpenAI Pre-IPO Perpetual are two separate products that both reference OpenAI's valuation but work differently. OpenAI PreStocks is a spot SPL token on Solana, traded on the Meteora DEX and backed by an SPV. The OpenAI Pre-IPO Perpetual is a perpetual futures contract on Binance — a derivative position with no SPV backing and no redemption mechanism. OpenAI PreStocks can be held in a Solana wallet and redeemed for USDC; the OpenAI Pre-IPO Perpetual is a leveraged contract settled on Binance. DropsTab lists the two on separate pages.

Is OpenAI PreStocks the same as owning OpenAI stock?

OpenAI PreStocks is not OpenAI stock and does not make the holder a shareholder. OpenAI is a private company, so its equity is not available on public markets; OpenAI PreStocks instead offers indirect price exposure through an SPV structure. In May 2026, OpenAI publicly warned that unauthorized transfers of its shares via SPVs or tokenized instruments may be void and could carry no economic value to buyers. OpenAI PreStocks therefore tracks an implied valuation without conferring any recognized claim on OpenAI's equity.

How is the OpenAI PreStocks pre-IPO price set?

OpenAI PreStocks is priced so that the token value reflects OpenAI's implied private valuation — a token at $100 corresponds to roughly a $100 billion company valuation. At launch, PreStocks distributed about 80% of token supply at a fixed starting price during a liquidity-bootstrapping phase, after which trading moved to a concentrated range for price discovery. The starting price factored in broker fees, management fees, carry, acquisition costs, and a 20% liquidity buffer. The live OPENAI price on DropsTab reflects current DEX trading, not an official OpenAI valuation.

Where does OpenAI PreStocks trade?

OpenAI PreStocks trades exclusively on Meteora, a decentralized exchange on Solana — there is no centralized exchange listing. Trading is available 24/7, settled on-chain, and does not follow traditional stock-market hours. Because liquidity sits in a single DEX venue, OpenAI PreStocks carries concentration risk: large holders may be unable to exit near the implied price if pool depth is thin. This single-venue structure is typical of PreStocks tokens and distinguishes OpenAI PreStocks from assets listed across multiple centralized exchanges.

When is the OpenAI IPO?

OpenAI has not set a confirmed IPO date. OpenAI Group PBC confidentially filed a draft S-1 registration statement with the SEC on around 22 May 2026, with Goldman Sachs and Morgan Stanley advising. Reporting points to a target listing window in Q4 2026, possibly as early as September, at a valuation between $852 billion and over $1 trillion. A confidential filing starts SEC review but sets no firm calendar — the timeline can slip into 2027. As of late May 2026, OpenAI has no public S-1 and no stock ticker.

How much is OpenAI worth?

OpenAI Group PBC was last valued at $852 billion post-money, set by a $122 billion funding round in March 2026 backed by Amazon, Nvidia, and SoftBank. This is a private-market valuation, not a public stock price — OpenAI is not listed on any exchange. The OpenAI PreStocks token price reflects an implied valuation derived from DEX trading, which can diverge from the last private round. A token priced at $100 corresponds to roughly a $100 billion implied valuation, so the OPENAI token tracks market sentiment rather than OpenAI's confirmed funding-round figure.