Over the past few decades, technology companies have typically followed a clear path: research and development, product commercialization, user growth, and scaling up. Ultimately, they enter the public market through an IPO, allowing more investors to participate in the company’s growth. For traditional tech giants like Microsoft, Google, and Meta, going public was once a pivotal moment when the market broadly recognized their value.
However, the rise of the artificial intelligence industry is reshaping this model. New-generation AI companies such as OpenAI are attracting significant attention even before entering the public market, thanks to their technological breakthroughs, product impact, and ecosystem development. Company value is no longer tied solely to post-IPO trading; it starts forming well before the public listing.
This shift is closely linked to the rapid pace of AI industry development. Artificial intelligence evolves much faster than traditional sectors. Leading companies can quickly establish global influence and draw substantial capital. As a result, the market’s evaluation of these firms is shifting from current profitability to future industry positioning.
Gate Pre-IPOs’ second project, OpenAI (OPENAI), is launching in this context and has captured market attention. This initiative uses pre-listing asset certificates to let users track the value changes of leading AI companies before they go public.
Why OpenAI Is the Most Watched AI Super-Unicorn of Our Era
OpenAI’s market influence largely stems from the industry transformation brought by ChatGPT. The emergence of ChatGPT propelled generative AI from laboratory innovation to mainstream adoption, prompting businesses to reassess the role of artificial intelligence in productivity, software services, and digital transformation. In a short time, AI evolved from a technical trend into a key driver of global tech industry competition.
But OpenAI’s value goes far beyond a single product.
As AI applications deepen across enterprise scenarios, large models are becoming the new foundational infrastructure. Companies aim to boost efficiency, optimize workflows, and develop more intelligent services through AI. This gives firms with advanced model capabilities greater ecosystem influence.
From a market perspective, OpenAI is more akin to a platform technology company than a traditional software vendor. It connects model R&D, developer ecosystems, enterprise applications, and the future intelligent services market. As a result, capital markets value OpenAI based on its long-term industrial potential.
Current market data shows OpenAI has secured ongoing investment from global tech leaders like Microsoft, and its future development is under close scrutiny. The project’s implied valuation for OpenAI is approximately $895 billion, reflecting the market’s recognition of the long-term potential of leading AI companies.
From IPO to Pre-IPOs: Company Value Discovery Is Happening Earlier
As super-tech companies accelerate their development, the role of IPOs in capital markets is evolving.
Traditionally, going public meant entering the open market, with investors participating in future growth through stock trading. For companies like OpenAI, however, market attention now occurs much earlier. Before listing, the company has already gone through financing, technological advancement, user expansion, and ecosystem building. Much of the value is formed during the private market phase, making the IPO more of a bridge to the public market than the first moment of value discovery.
This is why Pre-IPOs have become a focal point.
Pre-IPOs focus on a company’s development stage before listing. At this stage, firms often have strong market influence but haven’t fully entered the public trading environment. For investors, this phase offers a crucial window to observe company growth and shifting market expectations.
Historically, pre-listing investment opportunities were mainly reserved for venture capital, large funds, and strategic investors. With the rise of digital assets and innovative financial tools, the market is exploring more open ways for broader participation in pre-IPO value changes.
Why Market Expectations for OpenAI’s Pre-IPO Continue to Rise
OpenAI’s prominence in the capital market isn’t just about its potential IPO—it represents the future direction of the AI industry.
Globally, artificial intelligence is moving from the R&D phase to commercial expansion. Companies are not only focused on model capabilities but also on whether AI can fundamentally change workflows, boost productivity, and create sustainable business models.
OpenAI’s long-term value comes from several areas.
On one hand, ChatGPT has established a global user base, making OpenAI a key entry point for both consumers and enterprises to access AI technology. On the other hand, enterprise-grade AI applications are rapidly advancing, with more companies seeking to integrate AI into their operations. Additionally, the AI industry’s demand for computing power, data, and infrastructure further elevates the importance of leading firms. Ultimately, market attention on OpenAI reflects judgments about the future structure of the AI industry. If artificial intelligence becomes the next generation of digital infrastructure, companies that control core technology and ecosystem access points may gain lasting competitive advantages.
How Gate Pre-IPOs Connects the Growth Stages of Leading AI Companies
Gate Pre-IPOs’ second phase introduces the OpenAI (OPENAI) project, offering the market a new way to track value changes of leading AI companies before their public debut. The OpenAI (OPENAI) asset certificate uses the Mirror Note format to map OpenAI’s pre-listing and future post-listing market value changes. It’s important to clarify that OPENAI is not OpenAI company stock and does not represent ownership in OpenAI. This asset certificate does not provide shareholder rights like traditional stocks; instead, it reflects the target company’s value changes through specific mechanisms.
For Pre-IPOs, the core focus is expressing company value as it transitions from the private to the public market. Gate Pre-IPOs digitizes and structures this market opportunity, helping users clearly understand the operating logic of pre-listing assets.
According to the project schedule, OpenAI (OPENAI) subscriptions will soon open, running from July 15, 2026, 07:00 UTC to July 17, 2026, 07:00 UTC.
Understanding the OPENAI Subscription Mechanism and Dual-Token Participation
Gate Pre-IPOs’ second OpenAI (OPENAI) project supports dual-token subscriptions with USDT and GUSD, giving users flexible participation options. The total subscription value is approximately $20,000,000, with a price of 1 OPENAI = $722, corresponding to an implied OpenAI valuation of about $895 billion. The USDT subscription pool accounts for 70% of the total, while the GUSD pool covers 30%. The minimum subscription amount is 100 USDT or 100 GUSD, with a cap on the number of asset certificates per user. Additional benefits are also offered in this round. Participants receive GT Sunshine Rewards, and eligible VIP users can join the exclusive OpenAI (OPENAI) airdrop program.
Users subscribing with GUSD can also enjoy GUSD minting rewards. According to project rules, GUSD offers a 3.8% annualized minting yield, paid out daily. This dual-token mechanism enables users to monitor pre-listing opportunities in leading AI companies while maintaining flexible capital choices.
Pre-IPOs May Become a Key Entry Point for Future Tech Assets
The launch of OpenAI Pre-IPOs signals a potential new trend in capital markets. As super-unicorns emerge in AI, aerospace, biotech, and other fields, the value formation stage is moving earlier. In the future, the market may focus less on post-listing stock trading and more on value changes from the growth phase to the public market. Traditional capital markets revolve around IPOs and secondary trading, but Pre-IPOs bridge the gap between company growth and public listing.
For tech firms, this stage is especially critical. The faster the pace of innovation, the quicker company value shifts. When a company becomes a major driver of industry trends, the market often anticipates its value well in advance.
Gate Pre-IPOs’ second OpenAI project is designed to give the market a new perspective on the growth trajectory of leading AI companies.
As more AI firms enter the commercialization phase, pre-listing markets may become an essential part of tech asset value discovery.
FAQs
When will Gate Pre-IPOs Phase 2 OpenAI project launch?
According to the project schedule, OpenAI (OPENAI) subscriptions will run from July 15, 2026, 07:00 UTC to July 17, 2026, 07:00 UTC.
Is OPENAI the same as OpenAI stock?
No. OPENAI is an asset certificate in Mirror Note format and does not represent OpenAI company stock or shares.
What subscription options are available for this OpenAI Pre-IPOs round?
This round supports dual-token subscriptions with USDT and GUSD. Users can choose their preferred participation method.
What are the benefits of subscribing with GUSD?
Users who subscribe with GUSD can simultaneously enjoy GUSD minting rewards.
What is the difference between Pre-IPOs and IPOs?
IPO refers to a company entering the public market and issuing shares, while Pre-IPOs focus on the value changes that occur before a company goes public.
