OpenAI, the creator of ChatGPT, is moving towards an initial public offering (IPO) potentially valued at up to $1 trillion, making it one of the largest IPOs to date. Reports suggest a filing could come as early as late 2026 or in 2027, but the timeline may adjust based on market conditions and company performance. Although CFO Sarah Friar is eyeing a 2027 listing, some advisors see a potential late 2026 IPO. OpenAI aims to prioritize establishing a sustainable business model and advancing artificial general intelligence (AGI) over immediate IPO concerns. Early projections estimate a fundraising of at least $60 billion, leveraging its new structure that decreases dependence on Microsoft. OpenAI has transformed from a nonprofit to a for-profit entity overseen by its nonprofit foundation, maintaining significant control in the business’s financial future. The push towards going public reflects the booming AI market, with heightened investor interest evident from previous IPO successes.
Source link
