看不懂的SOL|May 13, 2026 06:40
Brothers, 2026 can be considered a big year for IPOs in the US stock market.
SpaceX、OpenAI、Anthropic、Kraken, Each unicorn is queuing up to go public.
Just because there are many listings doesn't mean they are worth investing in.
Some companies reach their peak when they go public, but then continue to decline;
Some are the starting point, and after going public, they can still increase tenfold.
OpenAI belongs to the latter.
Recently, there have been more and more discussions about its IPO, and many brothers have asked me: What are the methods to lay out OpenAI in advance?
Today's article clarified.
How hard is OpenAI's data?
ChatGPT's weekly active users have exceeded 900 million, with a growth of 350% in 18 months.
The number of paid subscriptions exceeds 50 million, with over 9 million enterprise paying users.
Annual revenue exceeded 25 billion US dollars, with monthly revenue of approximately 2 billion US dollars.
On the capital level, it is even more exaggerated.
The latest round of financing was $122 billion, with Amazon contributing $50 billion, Nvidia contributing $30 billion, and SoftBank contributing $30 billion, resulting in a post investment valuation of $852 billion.
CFO Sarah Friar made it clear that IPO is the natural endpoint of our capital strategy.
Why is OpenAI's IPO worth paying attention to?
The underlying logic is simple: computing power+data+users, a trinity.
Users generate data, data trains models, and models attract users - a self reinforcing flywheel.
OpenAI is penetrating from consumer level to enterprise level.
Collaborating with four major consulting firms to promote large-scale deployment, the weekly active users of Codex programming assistant have increased to 1.6 million.
The average order value and stickiness in the enterprise market far exceed individual subscriptions.
There are also risks involved.
There is a disagreement between the CFO and CEO on the IPO timeline - Sam Altman wants to go public in Q4 2026, while Sarah Friar believes it should be postponed to 2027.
In addition, OpenAI has not achieved its internal goal of 1 billion weekly active users by the end of 2025.
But short-term fluctuations do not change long-term trends.
The penetration rate of AI is still in its early stages, and OpenAI's moat is still deepening.
03) IPO timeline and valuation forecast
The market generally expects OpenAI to submit its S-1 documents as early as Q4 2026 and officially go public in early 2027.
Underwriters include major Wall Street firms such as Goldman Sachs, Morgan Stanley, JPMorgan Chase, and Bank of America.
In terms of valuation, the current private equity valuation is $852 billion, and the IPO valuation may reach $1 trillion.
The CFO has confirmed that a portion of the IPO shares will be reserved for retail investors.
However, traditional IPO subscription requirements are high and the success rate is low, making it difficult for ordinary investors to obtain ideal shares.
Buy it after it goes public, the price may have already skyrocketed.
Do you want to lay out in advance?
Bitget IPO Prime is the only low threshold entry point
Here is a tool - Bitget IPO Prime.
Traditional Pre IPO is an exclusive game for institutions and qualified investors, with a minimum investment threshold of millions of dollars.
Bitget IPO Prime is partnering with licensed partner Republic to issue tokenized Pre IPO assets on the Solana chain, with a minimum investment of $100.
Core advantages:
Low threshold: Starting at $100, bid farewell to million dollar capital verification.
Compliance and Transparency: Republic has a complete compliance system, with tokens tracking the economic performance of companies after listing, which can be exchanged for stock linked assets or USDT approximately 6 months later.
High quality target: Pre IPO tokens (preOPAI) from SpaceX and OpenAI have been launched, and xAI is expected to join before Q3 2026.
Liquidity: After token allocation, it can be traded on the Bitget spot market without waiting for listing before exiting.
Participation details: PreOPAI has been open for subscription from May 12-15, and spot trading can be conducted on the same day after distribution. After about 6 months, it can be exchanged for stock linked assets or USDT at market price.
Of course, it is important to carefully read the risk disclosure before participating.
If brothers believe that AI is the mainline of the next decade, OpenAI is worth putting on your watchlist.
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