"US AI player OpenAI is reportedly preparing for an IPO that could value the company at as much as $1 trillion. This would make it the largest IPO ever, bigger than those of Saudi Aramco and Alibaba. According to Reuters, OpenAI is exploring the possibility of filing with the US Securities and Exchange Commission (SEC) in the second half of 2026."
"The non-profit is now called the OpenAI Foundation and holds a 26 percent stake in the new umbrella entity, OpenAI Group PBC, a so-called public benefit corporation. According to SiliconANGLE, this reorganization is the result of more than a year of consultations with regulators in California and Delaware. OpenAI initially planned to completely separate the profitable branch from the non-profit, but adjusted those plans to obtain approval from the authorities."
"According to those involved, CFO Sarah Friar has indicated that a stock market listing in 2027 is most likely, although some advisors do not rule out an earlier date, at the end of 2026. An OpenAI spokesperson told Reuters that an IPO is not the company's current focus and that it is primarily focused on building a sustainable business that derives broad societal benefits from artificial general intelligence (AGI)."
OpenAI is preparing for an IPO that could value the company at up to $1 trillion and seeks a capital round of at least $60 billion. The company is exploring an SEC filing in the second half of 2026, with CFO Sarah Friar indicating a 2027 listing as most likely while some advisors consider late 2026 possible. An OpenAI spokesperson emphasized that an IPO is not the current focus and that priorities include building a sustainable business that delivers broad societal benefits from AGI. OpenAI reorganized its structure: the non-profit became the OpenAI Foundation holding 26% of a new umbrella OpenAI Group PBC, following regulatory consultations to enable a public listing option. Market growth and competitors influence timing and strategy.
Read at Techzine Global
Unable to calculate read time
Collection
[
|
...
]