OpenAI plans to go public in 2027 and could list earlier if momentum continues, according to CFO Sarah Friar’s remarks to employees at an August 19 all-hands meeting.

OpenAI confidentially filed for an initial public offering with the US Securities and Exchange Commission in June.

Friar said the company’s March fundraising brought in US$122 billion, giving it flexibility on timing.

OpenAI faces pressure to justify its US$852 billion valuation before the listing.

A confidential filing lets companies resolve SEC comments out of public view, but they must publicly file at least 15 days before a roadshow, and the process can still take months.

OpenAI said its nonprofit retains control over the for-profit arm, an unusual structure for a public listing.

OpenAI was topping US$25 billion in annualized revenue in February.

Friar also told employees not to worry if Anthropic lists first. Anthropic said it submitted a confidential draft S-1 registration statement.

However, the number of shares to be offered and the price have not yet been determined.

🔗 Source: CNBC

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