WSJ: OpenAI may go public as early as 2027
Jinse Finance reported, citing The Wall Street Journal, that OpenAI may conduct an IPO as early as 2027, which would become one of the largest initial public offerings (IPOs) in history. Previously, it was reported that OpenAI announced on Tuesday the completion of a capital restructuring, establishing a structure in which its nonprofit entity controls its for-profit business, paving the way for a public listing. Its nonprofit entity has now been renamed the OpenAI Foundation and holds equity worth approximately $130 billions in its for-profit division. OpenAI CEO Sam Altman stated, "Considering the company's future capital needs, an IPO is the most likely path." Microsoft has invested in OpenAI since 2019, with a cumulative investment exceeding $13 billions. Microsoft expressed support for this restructuring and said its investment in OpenAI Group PBC is now valued at about $135 billions, equivalent to 27% of the company's diluted shares.
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