OpenAI thought to be preparing for $1T stock market float
6 months ago
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- #IPO
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- OpenAI is reportedly planning a stock market listing with a valuation of $1tn as soon as next year, potentially one of the biggest IPOs ever.
- The company is considering filing for an IPO in the second half of 2026, aiming to raise at least $60bn.
- CEO Sam Altman mentioned that an IPO is the most likely path due to the company's significant capital needs for datacenters and infrastructure.
- OpenAI restructured its main business into a for-profit corporation, making it easier to raise capital and paving the way for an IPO, with Microsoft now holding a 27% stake.
- The company posted $4.3bn in revenue in the first half of this year but had an operating loss of $7.8bn.
- Concerns about an AI industry bubble were highlighted by the Bank of England, warning of risks if AI expectations become less optimistic.
- OpenAI's CFO, Sarah Friar, reportedly targets a 2027 listing, with some advisers suggesting it could happen as early as 2026.