Ourbit said the first two projects under its Super IPO lineup both posted strong gains in secondary trading. Platform data showed that SpaceX (SPAX), the first listing, opened at 200 USDT and at one point climbed to 839.95 USDT, more than quadrupling from its opening level. At press time, SPAX/USDT was quoted at 788.07 USDT. The second project, OpenAI (OPENAI), began token settlement trading on May 18. It opened at 500 USDT, reached an intraday high of 899.82 USDT, and recorded a peak gain of about 80%. The latest quoted price was 886.52 USDT, with a 77.3% increase over 24 hours.
OpenAI subscription topped the cap by more than 10x
Subscription figures drew equal attention. According to Ourbit, the OpenAI offering was priced at 699 USDT per OPENAI, with a total allotment of 3,000 OPENAI. That placed the maximum subscription value at 2,097,000 USDT. During the subscription window, actual commitments on the platform reached 22,308,752.95 USDT, with 3,943 participants. Public subscription progress rose to 1,063.84%, which means demand exceeded the cap by more than 10 times.
The promotional article added that USDT committed during the subscription period could also earn a relatively high annualized yield. In the platform’s account, that feature was one reason retail demand came in far above the ceiling. Total committed capital for the OpenAI round exceeded the subscription limit by a wide margin, while participation approached 4,000 users.
The product targets pre-IPO trading interest in private tech names
Ourbit describes Super IPO as a product designed to track valuation performance around IPOs, mergers, and other major corporate events. The stated goal is to let crypto users gain exposure to pre-listing market action in global technology companies without opening an overseas brokerage account. The first two names listed under the product are both private technology companies: SpaceX and OpenAI.
The article described OpenAI as a leading consumer AI provider with weekly active users at the 900 million level. It also said the company’s latest funding round reached a record $122 billion, with participation from Microsoft, Nvidia, Amazon, and SoftBank. At that valuation, direct access to OpenAI equity through traditional channels remains out of reach for many ordinary investors.
Ourbit places Super IPO inside its “Trade Everything” strategy
Ourbit presents itself as a SuperCEX linking crypto markets and traditional finance. It said the company is expanding around a “Trade Everything” strategy that includes crypto spot and derivatives, tokenized U.S. stocks, ETFs, commodities, forex, Tap Trading, Super IPO, and prediction markets. The piece also said the platform has completed Hacken penetration testing and audit work, offers a 1:1 Proof of Reserves, and has integrated CODE Travel Rule compliance.
The same article noted that contract-based products of this kind can be affected not only by the fundamentals of the underlying company, but also by crypto market sentiment and liquidity depth. It said volatility is materially higher than in traditional stocks. The original piece was labeled as sponsored content provided by Ourbit and not investment advice.