Ondo OpenAI pre-IPO offering is now announced. Specifically, Ondo Finance will open subscriptions during the week of November 2. Meanwhile, the ONDO price climbed more than 2% on Monday.
Why the Ondo OpenAI pre-IPO offering matters
The offering runs for two weeks. It is available exclusively to eligible Ondo Private Clients. Therefore, investors must register through Ondo’s Private Client program. However, the company has not mentioned minimum investment criteria. It also has not set total allocation limits.
The announcement follows the launch of Ondo’s private markets platform this month. That platform enabled tokenized exposure to private AI businesses. Meanwhile, OPAIPon already offers 24/7 secondary trading on Ondo Perps. Consequently, the new offering lets eligible investors subscribe directly.
OpenAI IPO faces delay as Anthropic moves closer
The offering follows Sam Altman’s decision to exclude a 2026 IPO. The OpenAI CEO cited concerns about AI safety. In a September interview, he called it “an ill-advised moment to go public.”
OpenAI may now seek a 2027 listing. However, it has not announced an official date. Meanwhile, rival Anthropic filed its public IPO prospectus with the SEC on Monday. Anthropic seeks to list on Nasdaq under ANT. Therefore, Anthropic has a head start in the public listing race. Nevertheless, neither firm has pulled the trigger on an IPO.
Against this backdrop, Ondo’s OPAIPon notes provide exposure linked to OpenAI’s share value. That exposure applies at a qualifying liquidity event. However, the tokens are not shares or voting rights. They also do not offer dividend rights. Furthermore, they are not offered for sale to U.S. persons.
ONDO price rises as tokenized business expands
ONDO traded near $0.417 on Monday. It gained over 2.3% over 24 hours. The news pushed ONDO to an intraday high of $0.4231. Then it faced resistance and pulled back.
In the last 30 days, the token fell 22%. Over seven days, it fell 4%. Meanwhile, the OpenAI product follows Ondo’s partnership with BlackRock. That partnership launched tokenized investment portfolios.
Ondo recently reported that its seven portfolios surpassed $30 million in total value locked. Those portfolios cover income, growth, and thematic strategies. The company’s private markets business now extends beyond tokenized stocks and Treasury products. Its next OpenAI subscription window begins in November. Meanwhile, eligible investors can trade existing OPAIPon notes on secondary markets.
