OpenAI (Republic Pre-IPO) 

PREOPAI Price

What is OpenAI (Republic Pre-IPO) (PREOPAI) tokenized stock?

PREOPAI is a tokenized pre-IPO instrument that gives non-US retail investors fractional on-chain exposure to the valuation of private-market OpenAI — without waiting for an IPO or using secondary marketplaces. The token is issued under Republic's IPO Prime program, launched in April 2026 and powered by Republic Cayman International, and distributed via Bitget. Per Token Terminal's asset profile, the instrument is a tokenized Contingent Payout Note issued by RepublicX LLC / Republic International Cayman, and PREOPAI exists as an SPL token on Solana.

Is PREOPAI the same as owning OpenAI stock?

No. PREOPAI holders carry a contractual claim against the issuer RepublicX LLC / Republic International Cayman, not OpenAI shares. The token confers no ownership, no voting rights, and no shareholder rights. Bitget's own materials state the token is not affiliated with or endorsed by OpenAI. The wrapper also differs from Forge and EquityZen secondary markets and from PreStocks' OpenAI SPV token, which acquires actual shares.

How do PREOPAI holders receive their payout?

Payouts reference OpenAI's share price at a qualifying liquidity event — an OpenAI IPO or another liquidity event. Payment follows roughly six months after an IPO, mirroring typical lockup periods. If no liquidity event occurs, a 10-year maturity date governs the note. No OpenAI IPO date is confirmed, so the payout horizon for PREOPAI holders remains indeterminate.

Who can buy PREOPAI and what is the minimum investment?

PREOPAI targets non-US retail investors only — purchasers must pass Regulation S verification, which excludes US persons. The minimum subscription is $100, and tokens are issued in fractional amounts through Bitget's IPO Prime venue. The supply is a mint-against-subscription inventory rather than a crypto-style emission model, with no fixed maximum — the live figure appears in the supply section.

Where can PREOPAI crypto be traded?

Per DropsTab data, PREOPAI trades spot on Bitget against USDT. DropsTab tracks no decentralized-exchange pairs and no derivatives markets for the token. Liquidity concentrates on a single centralized venue and a single USDT pair, which limits exit capacity in size. Trading PREOPAI on Bitget does not make the note redeemable for cash before a qualifying liquidity event.

What are the main risks of the PREOPAI tokenized note?

The regulatory posture for pre-IPO contingent payout notes remains largely untested. Payout depends entirely on the issuer's ability and willingness to pay at a liquidity event — PREOPAI holders carry issuer credit risk on top of OpenAI's private valuation risk. Liquidity risk compounds both: the token trades on one centralized exchange against one pair, and a CEX listing does not create cash redemption rights.

Which blockchain hosts the PREOPAI SPL token?

PREOPAI is an SPL token on Solana, at contract address 8jo8yuaQj2t48rKKUy5V7txxVihDo1Ayb2HvuBwSisS3. Solana hosting makes the token transferable on-chain and divisible into fractional amounts for retail-sized subscriptions. Holding PREOPAI on Solana does not create share custody — the underlying economic claim remains with the note issuer, Republic International Cayman.