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Gate
2026-07-17 08:18:40

Gate closes second Pre-IPOs OpenAI subscription with more than $260 million in orders

Gate has completed subscriptions for the second project in its Pre-IPOs section, OpenAI (OPENAI), according to the platform’s official page. User demand rose through the offering period, pushing cumulative subscriptions past $260 million and taking the subscription ratio above 1300%. The OpenAI offering carried a total subscription value of about $20 million and issued 27,700 OPENAI asset certificates. Users could subscribe with either USDT or GUSD at a set price of $722 per OPENAI, with no implicit handling fees or custody charges listed for the sale. Gate said allocations were calculated using the "hourly average locked amount" method. Under that mechanism, earlier participation and longer lock-up periods carried higher weighting in the final distribution. The first unlock for OPENAI asset certificates is scheduled for July 17 at 19:00 UTC+8. At the same time, the platform will distribute successfully subscribed assets and return funds from unsuccessful subscriptions. Gate also said pre-market trading in the Pre-IPOs section will open on July 20 at 16:00 UTC+8. The platform added several incentives for this round, including a 1 GT reward for users with successful subscriptions above $10,000, a shared 2,000 GT pool for users subscribing below 10,000 USDT, exclusive airdrops for eligible VIP users and super agents, and a 3.8% annualized minting yield for users subscribing with GUSD.

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Gate closes second Pre-IPOs OpenAI subscription with more than $260 million in orders
Gate
2026-07-16 02:56:11

Gate opens OpenAI Pre-IPO subscription and expands its global stock trading stack

Gate has launched the second phase of its Pre-IPO offering for OpenAI, giving crypto-native users a way to subscribe to stock-linked tokens tied to the private company before any public listing. According to the details cited in the article, the offering values OpenAI at an implied $895 billion, targets $20 million in total subscriptions, and issues 27,700 OPENAI tokens at $722 each. Users can participate with either USDT or GUSD, with a minimum subscription of $100 and a cap of 277 OPENAI per user. The allocation model is based on hourly average locked balance, giving more weight to users who join earlier and lock funds longer. The article says subscriptions had already exceeded $226 million by press time. Gate describes OPENAI as a Mirror Note rather than a traditional stock, designed to track OpenAI’s market value before and after a future IPO. After the subscription closes, tokens will unlock in three phases. The platform plans to open 24/7 pre-market trading in its Pre-IPOs section on July 20, while a separate exit page is scheduled for the post-lockup period, defined in the article as six months after listing. Beyond the OpenAI sale, the piece presents Gate’s broader stock product lineup, including direct stock access, tokenized equities, CFDs, and stock perpetuals covering U.S., Hong Kong, and South Korean markets.

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Gate opens OpenAI Pre-IPO subscription and expands its global stock trading stack
Gate
2026-07-15 08:16:15

Gate says OpenAI Pre-IPO offering drew more than $148 million in subscriptions within one hour

Gate said its second Pre-IPOs offering, OpenAI (OPENAI), passed $148 million in cumulative subscriptions within the first hour after the sale opened, with an oversubscription rate of 639.39%, according to official platform data cited by Odaily. The subscription window will remain open until July 17 at 15:00 UTC+8 and accepts both USDT and GUSD. Gate listed the total subscription value at about $20 million, with 27,700 OPENAI asset certificates available at a subscription price of $722 per OPENAI. The minimum subscription amount is 100 USDT or 100 GUSD, and the platform said no implicit fees or custody fees will be charged. Gate also said allocations will be based on the hourly average locked amount, meaning earlier participation and longer lock-up periods carry higher weight. In addition, OPENAI is scheduled to begin pre-market trading in the Pre-IPOs section on July 20 at 16:00 UTC+8. The platform has also rolled out incentive programs including GT rewards, airdrops for VIP users and super affiliates, and a 3.8% annualized minting yield for users subscribing with GUSD.

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Gate says OpenAI Pre-IPO offering drew more than $148 million in subscriptions within one hour