OpenAI is reportedly considering delaying its IPO until 2027, choosing to wait for a $1 trillion valuation rather than list at a lower price in today’s volatile markets.
CEO Sam Altman reportedly rejected the option of an earlier listing at a reduced valuation, signalling that the company believes its biggest value lies ahead.
SoftBank, which expects to hold roughly $65 billion in OpenAI by October, saw its shares fall as much as 13% on the news, the sharpest single-day drop in more than three months.
Most companies go public because they need capital.OpenAI doesn’t, and that changes everything about how you read this story.
According to a New York Times report, the maker of ChatGPT is weighing a delay to its long-anticipated stock market listing, pushing the timeline to 2027 rather than accepting a valuation below $1 trillion in today’s market. When advisers presented CEO Sam Altman with two options, to list sooner at a lower price or wait, he reportedly had little interest in the first.
