OpenAI files confidentially for IPO, following Anthropic
The move came a little more than a week after rival Anthropic made the same filing, lining up the two most-watched AI companies for Wall Street debuts at the same time. OpenAI was last valued at $852 billion and serves roughly 900 million weekly active users, though the company said it has not set a timeline and warned a listing might take a while.
Key Takeaways
- The filing comes a little more than a week after its main rival, Anthropic, also filed to go public, ramping up the race between the two AI firms.
ChatGPT-maker OpenAI has filed confidentially for an initial public offering, the company announced Monday in a blog post.
- "We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company," the company wrote.
"But it's a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best."
- SpaceX is also expected to make its debut at a $1.75 trillion valuation, meaning three of the most closely watched companies in tech could all go public within months of each other - a concentration of high-stakes offerings the markets haven't seen since the dot-com boom.
OpenAI is racing to IPO even as it recently missed its own targets for new users and revenue, per The Wall Street Journal .
- Put another way, OpenAI is asking public market investors to buy into a business that, by its own projections, won't generate more cash than it spends for at least four more years.
- That said, the secondary markets provide a glimpse into what investors are willing to pay.
Stats & Key Facts
- #OpenAI was last valued at $852 billion and serves roughly 900 million weekly active users, though the company said it has not set a timeline and warned a listing might take a while.
- #OpenAI, which was last valued at $852 billion post-money , submitted a draft registration statement to the U.S. Securities and Exchange Commission for a proposed IPO.
- #Whatever the regulatory questions, the filing is the latest signal that 2026 will be a blockbuster year for the public markets.
- #SpaceX is also expected to make its debut at a $1.75 trillion valuation, meaning three of the most closely watched companies in tech could all go public within months of each other - a concentration of high-stakes offerings the markets haven't seen since the dot-com boom.
The filing comes a little more than a week after its main rival, Anthropic, also filed to go public, ramping up the race between the two AI firms. ChatGPT-maker OpenAI has filed confidentially for an initial public offering, the company announced Monday in a blog post. The filing comes a little more than a week after its main rival, Anthropic, also filed to go public , ramping up the race between the two AI firms.
OpenAI, which was last valued at $852 billion post-money , submitted a draft registration statement to the U.S. Securities and Exchange Commission for a proposed IPO. OpenAI hasn't shared any specifics yet. However, the company said it posted the blog because it expected a leak.
"We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company," the company wrote. "But it's a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best." Around the same time, and in a separate blog post , OpenAI published a sweeping philosophical statement about its mission, its vision for AGI, and its belief that AI should benefit all of humanity - the kind of forward-looking communication that companies entering a quiet period have historically been careful to avoid.
For more details please read the original article at TechCrunch AI.
Continue Learning
Comments
Comments appear only after moderation. Your email identifies your submission to the moderator and is never displayed here.
No approved comments yet.