Patience has a price, and someone else is paying it. OpenAI may wait until 2027 to go public. The wait is meant to buy a bigger number.
OpenAI is weighing a listing as late as 2027, Bloomberg reported. That timeline could see it go public after its rival Anthropic. Altman has reportedly rejected an earlier debut at a lower price, holding out for a $1 trillion valuation.
The company is not rushing. OpenAI confidentially filed its prospectus with regulators this month. It says it may be a while before it lists, and it has not held pre-IPO investor meetings or set a date, CNBC reported.
The cost of waiting
The delay landed hardest on SoftBank. Its shares fell as much as 13%, the sharpest one-day drop in months. SoftBank expects to hold about $65bn in OpenAI by October, and its investors had bet the listing was close.
