Gate, a global digital asset trading platform, announced the launch of Pre-IPOs Phase 2 featuring OpenAI (OPENAI). Opening for subscription on July 15, the offering supports subscriptions in both USDT and GUSD. The subscription runs from July 15, 2026, 07:00 to July 17, 2026, 07:00 (UTC). The total subscription value is approximately $20 million, with 27,700 OPENAI Asset Certificates available at a commitment price of $722 per OPENAI. The minimum subscription amount is 100 USDT or 100 GUSD per order, and this subscription waives both the implied trading fee and custody fee. OpenAI currently carries an implied valuation of approximately $895 billion. OPENAI Asset Certificates are Mirror Notes issued before OpenAI’s IPO, structured as Contingent Payout Notes (CPNs). Gate Pre-IPOs uses users’ hourly average locked amount as the basis for allocation. Following the subscription period, OPENAI Asset Certificates will be distributed across three unlock phases: 25% unlocked on July 17, 35% on August 17, and 40% on September 17, 2026. Pre-market trading begins on July 20, 2026, 08:00 (UTC).