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WSJ: OpenAI Could Go Public as Early as 2027
BlockBeats News, October 29th, according to The Wall Street Journal, OpenAI is reportedly considering an IPO as early as 2027, which would be one of the largest initial public offerings (IPOs) in history.
Previously, OpenAI announced on Tuesday that it had completed a capital restructuring to establish a structure where its for-profit entity is held by a nonprofit organization, paving the way for a public listing. Its nonprofit entity is now renamed as the OpenAI Foundation and holds approximately $130 billion in equity of its for-profit division. OpenAI CEO Sam Altman stated, "Given the company's future capital needs, an IPO is the most likely path."
Microsoft has been investing in OpenAI since 2019, with total investments exceeding $13 billion. Microsoft has expressed support for this restructuring, stating that its investment in Open AI Group PBC is now valued at around $135 billion, equivalent to a 27% stake in the company on a fully diluted basis.
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