OpenAI is positioning itself for a potential Wall Street debut that could mark the most valuable IPO in history, as the AI boom cranks up a notch.
The ChatGPT creator is laying groundwork for a stock-market listing that may value the company at up to $1 trillion, signaling a fresh push to tap public-market capital as competition and infrastructure demands surge, Reuters reports.
People familiar with the matter say OpenAI is looking to submit filings with the U.S. Securities and Exchange Commission (SEC) as early as the second half of next year but note that discussions are still in the early stages and the valuation and timeline could change depending on market conditions.
OpenAI CFO Sarah Friar has hinted that the AI giant intends to go public in 2027 but advisers see the listing coming as soon as the end of 2026.
The sources also say a stock market listing will allow OpenAI CEO Sam Altman to deploy trillions of dollars into the AI buildout by efficiently raising capital and acquiring larger firms using company shares.
In a livestream, Altman says going public would allow OpenAI to secure the capital it needs to fund its AI ambitions.
“I think it’s fair to say it is the most likely path for us, given the capital needs that we’ll have.”
A successful IPO would deliver a windfall for key backers including SoftBank, Thrive Capital and Microsoft, which holds a roughly 27% stake in the for-profit business, the OpenAI Group.
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