OpenAI may not be delaying its initial public offering (IPO) because the market isn't ready — it may be waiting because investors can't seem to stop raising the price tag.
Willy Lee, principal at SuRo Capital Corp.
(NASDAQ:SSSS), a publicly traded venture capital firm that owns stakes in OpenAI, Canva, Whoop and Lime, said OpenAI has little incentive to rush into an IPO if investors continue assigning richer valuations in the private market.
"I think the valuation is much higher than that," Lee said in a prepared statement, referring to OpenAI's last funding-round valuation.
OpenAI's Employee Tender May Hold The Answer According to Lee, the clearest indication of OpenAI's current valuation may come from its ongoing employee tender offer rather than an IPO filing.
