OpenAI makes plans for juggernaut IPO that could value ChatGPT owner at $1.3 trillion
Sign up now: Get ST's newsletters delivered to your inbox
OpenAI is considering filing with securities regulators as soon as the second half of 2026, some sources said.
PHOTO: REUTERS
Follow topic:
SAN FRANCISCO - ChatGPT owner OpenAI is laying the groundwork for an initial public offering that could value the company at up to around US$1 trillion (S$1.3 trillion), three people familiar with the matter said.
OpenAI is considering filing with securities regulators as soon as the second half of 2026, some of the people said.
In preliminary discussions, the company has looked at raising US$60 billion at the low end, and likely more, the people said.
This would be one of the biggest IPOs of all time and give chief executive Sam Altman access to a much larger pool of capital to pull off his ambitious agenda.
The people cautioned that talks are early and plans – including the figures and timing – could change depending on business growth and market conditions.
Chief financial officer Sarah Friar has told some associates the company is aiming for a 2027 listing, the people said.
Earlier this week, OpenAI said it had completed a restructuring into a more traditional corporate organisation that would make a public offering possible.
The company was most recently valued at US$500 billion in an employee share sale. REUTERS
