‘There are things we want to do that are likely easier as a private company’, says OpenAI.
OpenAI has confidentially filed to go public, but said it could be a “while” before it ceases to be a private company.
“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,” OpenAI said in a short statement yesterday (8 June). “But it’s a complicated set of trade-offs and this gives us the option to go public sooner if that ends up being best.”
Estimates from last year suggest an initial public offering (IPO) could value the ChatGPT-maker at up to $1trn, in one of the largest listings in history. The company, at the time, was expected to raise at least $60bn in the IPO.
While newer reports suggest that the company is also in talks with the US government in the hope that it purchases some of its shares once it goes public.
