Digital asset trading platform Gate said it will open subscriptions for the second-phase OpenAI (OPENAI) Pre-IPOs project from 15:00 on July 15, 2026, to 15:00 on July 17, 2026 (UTC+8). The offering supports both USDT and GUSD. Gate said the total subscription value is about $20 million, covering 27,700 OPENAI asset certificates priced at $722 each. The minimum participation amount is 100 USDT or 100 GUSD, with no implied fees or custody charges.
According to the announcement, the OPENAI asset certificate is a pre-IPO mirror note designed to track the company’s value before and after a public listing. Gate said it will hedge exposure by acquiring related shares and plans to offer pre-market trading, long-term holding, and future conversion routes into stock assets, stock tokens, or USDT. Allocation will be based on the hourly average locked amount, meaning earlier participation and longer lock-up periods carry more weight. The certificates will unlock in three stages on July 17, August 17, and September 17, while pre-market trading is scheduled to begin on July 20. Gate also said OpenAI, backed by investors including Microsoft, has an implied market valuation of about $895 billion.
Gate sets subscription window for OpenAI Pre-IPOs phase two
Gate said it will open subscriptions for the second-phase OpenAI (OPENAI) Pre-IPOs project from 15:00 on July 15, 2026, to 15:00 on July 17, 2026 (UTC+8). The offering will accept both USDT and GUSD.
The project has a total subscription value of about $20 million and will issue 27,700 OPENAI asset certificates. Each certificate is priced at $722. The minimum entry amount is 100 USDT or 100 GUSD, and Gate said there will be no implied fees or custody charges.
Certificate structure and trading plan
According to Gate, the OPENAI asset certificate is a pre-IPO mirror note used to reflect the company’s value before and after a listing. The platform said it will hedge exposure by obtaining related shares, while also offering routes for pre-market trading, long-term holding, and future conversion into stock assets, stock tokens, or USDT.
Allocation will be calculated based on the “hourly average locked amount.” Gate said earlier participation and longer lock-up periods will carry greater weight. The certificates will unlock in three stages on July 17, August 17, and September 17. Pre-market trading will open on July 20.
OpenAI details cited by Gate
Gate said OpenAI has helped drive the development of generative AI through products including ChatGPT and has received investment from Microsoft and others. The company’s implied market valuation is about $895 billion, according to the announcement.
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