OpenAI plans to go public by 2027 or earlier, according to Chief Financial Officer Sarah Friar, providing the clearest indication yet of the company’s expected IPO timeline.
Friar said the company is preparing to operate with the governance, financial reporting, and transparency expected of a public company while continuing to expand its infrastructure and enterprise business ahead of a stock market debut. She also confirmed that OpenAI intends to reserve a portion of IPO shares for retail investors, allowing individual investors to participate in the offering alongside institutions.
An IPO would mark one of the largest technology listings in history. OpenAI was most recently valued at approximately $852 billion following its latest funding round, making it one of the world’s most valuable private companies. The company has rapidly expanded its revenue as demand for ChatGPT, enterprise AI products, and developer services continues to accelerate.
The listing would also provide public market investors with direct exposure to one of the leading developers of frontier AI models. OpenAI is investing hundreds of billions of dollars in data centers, custom AI infrastructure, and next-generation models as competition with Anthropic, Google, Meta, xAI, and other AI developers intensifies.
While no specific listing date has been announced, the latest comments indicate that OpenAI is moving toward an IPO as it continues restructuring its corporate governance, strengthening its executive team, and preparing for the reporting standards required of publicly traded companies.
