OpenAI's pre-IPO market capitalization on Binance is at a premium of approximately 16%, corresponding to a market capitalization of $1.6 trillion.

According to Mars Finance, on May 26th, after Binance listed OpenAI U-based perpetual contracts for pre-IPO trading, its "estimated share price" briefly surged to $1630, currently trading at $1600, corresponding to a post-IPO market capitalization of $1.6 trillion for OpenAI. Furthermore, OpenAI's "estimated share price" on the Hyperliquid ecosystem trading platform trade.xyz is currently $1378, corresponding to a post-IPO market capitalization of $1.378 trillion. Binance is currently trading at a premium of approximately 16% over trade.xyz. A few days ago, OpenAI CEO Sam Altman stated that even if IPO documents are filed soon, the company may not go public immediately, and the actual listing time will depend on market conditions and other factors. The target is an early listing in September, but the timeline remains flexible. Investment banks including Goldman Sachs and Morgan Stanley are assisting OpenAI in drafting its IPO prospectus. According to PolyBeats, on the prediction market Polymarket, OpenAI has only a 4% chance of listing before the end of August, a 20% chance before the end of September, and a 70% chance before the end of the year.