Bitget IPO Prime Pre-OPAI Sale Draws $106 Million as Subscriptions Near 5x

According to Bitget, the second IPO Prime project preOPAI opened on May 12, has drawn 5,098 participants and $106.1 million in investment, and spot trading is scheduled for May 15.

42d ago

Fact Check

All three sources consistently corroborate the claim's core figures. The Odaily newsflash (481631) provides the most precise match, confirming exactly 5,098 participants, $106,146,536 in total investment (~$106.1M), and ~5x oversubscription for Bitget IPO Prime's second project preOPAI opened May 12. The Odaily newsflash (481096) confirms spot trading was scheduled for May 15. The crypto.news article independently verifies the $100M+ figure and May 15 spot trading launch. Minor uncertainty remains because the primary data originates from Bitget's own platform disclosures (self-reported figures), and no independent on-chain or third-party audit of the subscription amounts was found.

Summary

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.

Terms & Concepts

oversubscription: When demand for a token sale exceeds the amount available for purchase.
subscription window: The fixed period during which investors can place orders in a token sale or offering.
Bitget IPO Prime: A token launch and listing program operated by Bitget that introduces selected crypto projects to users.