OpenAI's IPO Won't Likely Happen Until 2027. Here's Why That's the Right Call.
The AI giant's management team isn't rushing to go public.
Overview
Now that the SpaceX (NASDAQ: SPCX) IPO is firmly in the rearview mirror, AI giants OpenAI and Anthropic are the most anticipated still-to-come public debuts. But at least in one case, it appears investors will have to wait a little longer.
OpenAI's chief financial officer, Sarah Friar, recently told the company's staff that it "will be a public company in 2027." This follows a reported internal dispute between CEO Sam Altman, who wanted to go public later this year with a $1 trillion valuation, and Friar, who hasn't been in a hurry.
Details
Here's why waiting to go public may have been the right call, and what investors need to know.
Source
Originally published at www.fool.com.
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