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REDDIT

Skipped the Last IPO Prime Rally… Is OpenAI pre-IPO Setting Up the Same Way Again?

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May 12, 2026 · 16:08

I passed on the last IPO Prime launch because I thought the hype would cool off fast and everyone would rush to dump after distribution.

Turns out that was the wrong read… it still pushed nearly 25% gains in under a month.

Now I’m seeing almost the exact same type of setup forming again with the OpenAI pre-IPO narrative.

Currently the pricing I’ve seen looks something like:
• Bitget around $725
• Hyperliquid around $1.1k
• Binance around $1.4k

What caught my attention is Bitget saying the issuance is Republic-regulated, compliant, and tied to a 1:1 real-world equity structure that’s supposedly verifiable onchain. That alone makes it look a bit more structured compared to the others, at least from my perspective.

Still not rushing in blindly though. I’ll probably keep watching how sentiment develops until around May 14 since participation closes on the 15th. Thinking of keeping risk small with maybe $100–300 just to get exposure without overcommitting.

Curious where everyone else is leaning for this one?

[https://coinmarketcap.com/real-world-assets/openai](https://coinmarketcap.com/real-world-assets/openai)

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