The company did not disclose the scope of the offering or its terms, and in its announcement it was stated that a final schedule has not yet been determined. “It may take time, as there are things we want to do that are easier as a private company,” he said. However, sources who spoke with Reuters estimate that the IPO may take place as early as this September, with the goal being to reach a historic market value of up to a trillion dollars.
This move is expected to be one of the most significant tests of investors’ appetite for high-growth technology stocks, especially when more companies are aiming for huge IPOs. Anthropic, the developer of the smart assistant Claude, has already filed for an IPO after raising $65 billion at a valuation of $965 billion. At the same time, Elon Musk’s space company SpaceX is also going public this week at an estimated value of 1.75 trillion dollars. Banks and analysts warn that issuances of this magnitude could drain the capital available in the public market and hurt smaller deals.
OpenAI’s internal data points to unprecedented growth. Earlier this year, the company raised 110 billion dollars from huge investments such as Softbank, Amazon and Nvidia. In March, the company reported monthly revenues of $2 billion and a growth rate four times faster than giant companies like Meta and Alphabet. However, despite the dizzying success with over 900 million weekly users, the company made it clear to its investors that it is not expected to turn to profitability before 2030.