During an all-hands meeting, OpenAI CFO Sarah Friar informed employees that the company aims to become a public entity by 2027, although an earlier IPO is possible if business conditions improve. She emphasized that the IPO should be viewed as a milestone rather than an endpoint, highlighting the $122 billion raised in March as a source of financial flexibility.
OpenAI had confidentially filed its IPO prospectus with the SEC in June, but has not set a specific date for its market debut. In a competitive landscape, rival company Anthropic has also filed its prospectus and may go public as early as September. Friar reassured employees that OpenAI is focused on its own timeline, regardless of Anthropic's potential debut