Pre-IPO: contract prices on private companies
Live prices of synthetic contracts on OpenAI, Anthropic and other companies that have no stock on any exchange: what the instrument is, where the price comes from and how to read the table.
The page lives at /pre-ipo — there is no item for it in the site header, so it is easier to remember the address or bookmark it. The page heading is «Pre-IPO: contracts on private companies». Everything is free and needs no registration.
What the instrument is
None of the companies in the table has a listed share. Crypto exchanges trade synthetic contracts on the valuation of such a company: the contract gives no equity, no vote and no dividends. The venue sets the starting price from outside valuations — funding rounds and secondary-market deals — and from then on trades move it. A private company has no reference price the contract is obliged to converge to.
What the columns show
- Company — the name as the company writes it.
- Ticker — a link to the instrument page with the chart, history and our measurements.
- Price — in dollars, from the live exchange snapshot.
- 24h — price change over the day.
- Volume 24h — daily turnover in dollars; the table is sorted by it, the most active contracts on top.
- Venues — which exchanges trade the contract.
Where the data comes from and which companies
Prices and volumes come from the same snapshot as the screener table. The list of companies is curated by hand: OpenAI, Anthropic, Zhipu AI, MiniMax, Moonshot AI, Unitree Robotics, Enflame Technology, Shein and Neuralink. A row appears only when the contract is alive in our snapshot — Neuralink's turnover is still a few dollars, so it may be missing. New contracts are caught by an automatic check and added by hand after a price verification: only MEXC flags a contract as «pre-IPO», and automation would put any similarly named ticker here.
Why Moonshot AI has two prices
MOONSHOT and KIMI are two independent contracts from different venues on the same company. With synthetic instruments and no reference, each exchange keeps its own valuation, there is nothing for them to converge to and no arbitrage between them. Both rows honestly sit side by side.
How to read these prices
As market expectations, not as fact: the number shows what traders think the company is worth between rounds. Gaps between exchanges are normal here. When a company lists on a real stock exchange, the venue sets the rules: the contract is either tied to the share price or settled and closed — read the terms at the exchange itself in advance.
What the page does not have
- Company financials and cap tables — that is not our data.
- Price history longer than what we have collected ourselves.
- Advice to buy or sell: we show prices, not recommendations.
Questions and answers
Can I buy OpenAI shares?
No. OpenAI is a private company; its shares are not listed on any stock exchange. Crypto exchanges only offer synthetic contracts on its valuation — those are the prices shown on the page.
Where does the price come from if the share does not exist?
The venue sets a starting price from outside valuations; after that trades move it. There is no reference, so prices of the same name on different exchanges can differ noticeably.
Where is the page if it is not in the menu?
At /pre-ipo after the language code, for example kairotrade.net/en/pre-ipo. The header item was removed; the page stayed.
Can I open a chart?
Yes: click the ticker — the instrument page opens with the chart and history, like for any coin.
What happens to the contract at an IPO?
The venue sets the rules: usually the contract is either tied to the real share price or closed with a settlement. Read the terms at the exchange before the IPO news, not after.