Following the successful completion of the first SpaceX project, Gate Pre-IPOs has officially launched its second project: OpenAI (OPENAI). According to Gate’s official announcement, subscription for OpenAI asset certificates will begin at July 15, 2026, 07:00 UTC.
OpenAI is one of the world’s most influential artificial intelligence companies, driving rapid growth in generative AI through products like ChatGPT. On June 8, 2026, OpenAI confidentially submitted an S-1 draft registration statement to the U.S. Securities and Exchange Commission (SEC). While the exact IPO timeline remains undecided, the market widely expects OpenAI to go public in Q4 2026 or 2027.
The core objective of the Gate Pre-IPOs mechanism is to standardize the traditional private equity investment process, enabling users to participate in pre-IPO projects through a streamlined platform. The launch of the OpenAI project offers retail investors a window to engage with the company’s value changes before its official listing.
OpenAI Project Subscription Overview
According to Gate’s official announcement, the key parameters for the OpenAI Pre-IPOs subscription are as follows:
- Asset Certificate Symbol: OPENAI
- Subscription Price: 1 OPENAI = $722
- Total Subscription Volume: 27,700 OPENAI
- Total Subscription Value: Approximately $20,000,000
- Implied Market Value: Approximately $895 billion
- Subscription Currency: USDT or GUSD
- Minimum Single Subscription: 100 USDT or 100 GUSD
- Maximum Subscription Per User: 277 OPENAI (USDT pool cap: 193.9 OPENAI, GUSD pool cap: 83.1 OPENAI)
- Subscription Fees: No implied handling or custody fees
The allocation ratio between the USDT and GUSD pools is 70% to 30%. USDT subscriptions total 19,390 OPENAI, while GUSD subscriptions total 8,310 OPENAI.
Subscription Timeline and Distribution Schedule
The subscription timeline is as follows:
- Subscription Start: July 15, 2026, 07:00 UTC
- Subscription End: July 17, 2026, 07:00 UTC
- Pre-market Trading Start: July 20, 2026, 08:00 UTC
Upon successful subscription, OPENAI asset certificates will be unlocked and distributed in three phases:
| Distribution Time | Unlock Percentage |
|---|---|
| July 17, 2026, 11:00 UTC | 25% |
| August 17, 2026, 11:00 UTC | 35% |
| September 17, 2026, 11:00 UTC | 40% |
The first unlocked portion for successful subscribers, as well as USDT and GUSD from unsuccessful subscriptions, will be distributed and refunded by July 17, 2026, 11:00 UTC.
Gate Pre-IPOs Mechanism: How Digitalization Reshapes Early-Stage Investment
Gate’s digital Pre-IPOs mechanism essentially tokenizes traditional pre-IPO equity or financing rights using blockchain technology, creating digital assets that can be subscribed to and traded on the platform. Users don’t need to open overseas brokerage accounts or meet high net worth thresholds—holding USDT or other stablecoins is sufficient to participate in subscriptions and trading.
Compared to traditional pre-IPO investments, Gate Pre-IPOs delivers structural breakthroughs in three areas:
A revolutionary reduction in capital thresholds. Traditional pre-IPO investments typically require a minimum transaction of $10 million, but Gate lowers the entry point to just 100 USDT.
A regulatory breakthrough in qualification requirements. Conventional pre-IPO investments often require investors to pass a "qualified investor" review—personal net assets above $1 million (excluding primary residence) or annual income over $200,000. Gate Pre-IPOs eliminates this requirement; users only need to complete KYC verification on the platform.
24/7 liquidity with no lock-up period. Traditional private equity shares are usually locked for years, making exit nearly impossible before IPO. Gate’s PreToken minting and trading mechanism allows users to freely trade on the order book market, offering uninterrupted 24/7 trading.
The OPENAI asset certificate for this project adopts a Mirror Note structure, mapping OpenAI’s market value before and after its IPO. Gate hedges exposure by acquiring OpenAI shares in the market, providing users with multiple exit options aligned with the company’s fair market value.
OpenAI’s Market Context and Valuation Logic
As of July 12, 2026, OpenAI’s implied valuation has reached approximately $895 billion. On March 31, 2026, OpenAI announced it had secured $122 billion in committed investments, with a post-money valuation of $852 billion. This round included strategic partners such as Amazon, NVIDIA, and SoftBank. The widely circulated "$1 trillion IPO valuation" target comes from insider reports on the expected range for the listing.
Supporting this high valuation are OpenAI’s core operating metrics: ChatGPT boasts over 900 million weekly active users, more than 50 million subscribers, and monthly revenue of $2 billion.
From an industry perspective, OpenAI’s IPO push coincides with a historic expansion phase for the AI sector. According to Gartner’s May 2026 forecast, global AI spending is projected to reach $2.59 trillion in 2026, up 47% year-over-year. Spending on AI models alone is expected to grow at a short-term rate of 110%.
However, OpenAI also faces significant challenges. According to its May 2026 financial report, OpenAI’s Q1 revenue was about $5.7 billion. The company continues to invest heavily in building AI data centers and expanding computational power. Competition from rivals like Anthropic is also intensifying.
How to Participate in Gate Pre-IPOs OpenAI Subscription
To participate in the Gate Pre-IPOs OpenAI subscription, follow these steps:
Step 1: Access the platform. Visit the "Pre-IPOs" or "PreMarket" section on the Gate platform.
Step 2: Prepare your account. Ensure you’ve completed KYC verification and have sufficient USDT or GUSD balance for the subscription.
Step 3: Submit your subscription. During the subscription window (July 15, 07:00 UTC to July 17, 07:00 UTC), submit your subscription application.
Regarding allocation, Pre-IPOs uses an "average hourly locked amount" algorithm: the earlier you commit and the longer your funds are locked, the higher your allocation weight. The system determines final allocation based on each user’s average locked amount as a proportion of the total average locked amount across all users during the subscription period.
Subscription Benefits
To celebrate OpenAI’s launch on Gate Pre-IPOs, the platform is offering multiple subscription benefits:
- GT Airdrop Rewards: Participate in the subscription to receive GT airdrop rewards for all users
- GUSD Minting Yield: Enjoy a 3.8% minting yield on GUSD during the subscription period
- VIP Exclusive Airdrop: VIP 5 and above users and super agents receive additional free airdrops
Risk Disclosure
Before participating in Gate Pre-IPOs, investors should fully understand these key risks:
- Not direct equity. The OPENAI asset certificate is a Mirror Note product, not actual shares or stock, and does not establish a direct legal relationship between investors and the target company.
- Uncertain IPO timeline. The target company is not currently listed, and the IPO date is undetermined. Although OpenAI has submitted a confidential listing application, the company emphasizes that the timing remains undecided. Market rumors suggest OpenAI may delay its IPO until 2027.
- Price volatility and liquidity risk. Pre-market trading may involve price fluctuations and insufficient liquidity.
- Funding restrictions. Borrowed funds are not eligible for Pre-IPOs subscription. Institutional accounts and sub-accounts also do not qualify.
Summary
Gate Pre-IPOs’ second project, OpenAI (OPENAI), will open for subscription at July 15, 2026, 07:00 UTC with a unit price of $722 and a minimum investment of 100 USDT. The subscription window runs until July 17, 07:00 UTC, followed by pre-market trading starting July 20, 08:00 UTC.
As one of the world’s most influential AI companies, OpenAI’s implied valuation has reached approximately $895 billion. Gate’s digital Pre-IPOs mechanism lowers the traditional multi-million-dollar pre-IPO investment threshold to just 100 USDT, giving global users a chance to get in early on leading unicorn companies.
Investors should fully understand that the OPENAI asset certificate is a Mirror Note structure, the company’s IPO timing remains uncertain, and pre-market trading may involve price volatility.
FAQ
Q1: When does the second Gate Pre-IPOs OpenAI subscription start?
A: Subscription opens at July 15, 2026, 07:00 UTC and closes at July 17, 2026, 07:00 UTC.
Q2: What is the subscription price for OpenAI?
A: The unit price is 1 OPENAI = $722, with a total subscription volume of 27,700 OPENAI and a total value of approximately $20,000,000.
Q3: What is the minimum investment required to participate?
A: The minimum single subscription is 100 USDT or 100 GUSD.
Q4: What is the OPENAI asset certificate?
A: OPENAI is a Mirror Note structured asset certificate, mapping OpenAI’s market value before and after its IPO. It is not OpenAI’s actual shares or stock.
Q5: When can I trade after subscribing?
A: OPENAI pre-market trading starts at July 20, 2026, 08:00 UTC.
Q6: When are subscription funds refunded?
A: The first unlocked portion for successful subscribers and refunds for unsuccessful USDT and GUSD subscriptions will be completed by July 17, 2026, 11:00 UTC.
Q7: When will OpenAI officially go public?
A: OpenAI confidentially submitted an S-1 draft registration statement to the SEC on June 8, 2026. The IPO date is not finalized, but market rumors suggest it may happen in Q4 2026 or 2027.
Q8: What are the requirements to participate in Gate Pre-IPOs?
A: Users must complete KYC verification on the Gate platform. No qualified investor status or overseas brokerage account is required.
