Bitget said preOPAI is the second project under its Bitget IPO Prime program and that its subscription opened on May 12 at 16:00 UTC+8, with the window set to close today at 16:00 UTC+8. The exchange reported 5,098 participants and $106,146,536 in total investment, making the sale oversubscribed by about 5x. Bitget also said spot trading for preOPAI will begin at 22:00 UTC+8 on May 15, indicating the offering is moving from subscription into public market trading.