OpenAI Just Filed for an IPO. Now What?
This could be the third trillion-dollar IPO of the year.
OpenAI Just Filed for an IPO. Now What?
Overview
The year of big IPOs just keeps getting bigger. OpenAI, the company behind ChatGPT, announced that it has taken the first steps toward an initial public offering, following in the footsteps of fellow AI company Anthropic, which took a similar step last week, and SpaceX, which is going public on June 12.
OpenAI’s most recent valuation from private investors was $852 billion, following a March fundraising round that brought in $122 billion. It’s likely that OpenAI will achieve a $1 trillion valuation when it goes public, joining a select few companies with that lofty market cap.
Details
Here’s what we know about the OpenAI IPO, and what investors can expect next.
Source
Originally published at www.fool.com.
