BlockBeats report, on May 22, OpenAI CEO Sam Altman told employees that even if the company files for an IPO soon, it may not go public immediately—the actual listing date will depend on market conditions and other factors. The target is to list as early as September, but the timeline remains flexible.
Previous reports indicated that OpenAI plans to submit a confidential IPO filing to regulators as early as this Friday. Sources familiar with the matter said that investment banks including Goldman Sachs and Morgan Stanley are assisting OpenAI in drafting the IPO prospectus. Earlier this week, OpenAI removed a major obstacle on its path to IPO—OpenAI CEO Sam Altman won a legal dispute against rival Musk. However, OpenAI still faces a number of other challenges, the most significant of which is market concern over whether it can generate sufficient revenue to support its substantial commitments to data center spending.
According to PolyBeats, on the prediction market Polymarket, the probability of OpenAI going public by the end of August is 7%, by the end of September is 42%, and by the end of the year is 72%.