OpenAI It is considering delaying its initial public offering until 2027 due to recent volatility in technology stocks, Bloomberg reports I mentioned Thursday (June 25), citing a paywall condition By The New York Times.
The AI startup’s advisors told it that this volatility could dampen individual investors’ enthusiasm for an IPO, according to the report.
CEO of OpenAI Sam Altman The company’s advisors are pushing for a trillion-dollar valuation for the company, according to the report.
OpenAI announced on June 8 that it had recently filed a confidential Form S-1, the registration statement required to obtain IPOto Securities and Exchange Commission (second).
“We haven’t decided on the timing yet; it may take some time because there are things we want to do that are likely to be easier as a private company,” the company said in its announcement. “But it’s a complex set of trade-offs and that gives us the option of going public sooner if that’s ultimately what’s best.”
A competitive artificial intelligence startup Anthropic A week ago, on June 1, it said it had confidentially filed a draft registration statement with the Securities and Exchange Commission about it IPO. “This gives us the option to go public after the SEC completes its review,” Anthropic said in its announcement. “The proposed initial public offering will depend on market conditions and other factors.”
OpenAI was valued at $852 billion in March Financing round It raised $122 billion. The company said at the time that it was generating $2 billion in revenue per month, up from $1 billion per quarter at the end of 2024.
The Wall Street Journal reported on Tuesday (June 23). Technology stocksespecially AI and chip companies, “slumped sharply” amid investor concerns about the cost of data centers and the uncertain future revenue prospects of AI.
CNBC reported on Tuesday Technology stocks It suffered “huge losses” and that the sector’s decline led to a sell-off in stocks around the world.
Sharp losses in semiconductor stocks pushed the Nasdaq and S&P 500 indexes to their lowest levels in more than a week as investors questioned the growing amount of debt-financed debt, Reuters reported on Tuesday. Spending on artificial intelligence.
For all of our PYMNTS AI coverage, subscribe to our daily newsletter Amnesty International newsletter.
