Sam Altman: Even if they submit IPO documents soon, OpenAI may not go public immediately

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BlockBeats News, May 22 — OpenAI CEO Sam Altman stated in a speech to employees that even if they submit IPO documents soon, the company may not go public immediately; the actual listing time depends on market conditions and other factors. The earliest target is September, but the schedule remains flexible.

Previously reported, OpenAI plans to submit a confidential IPO application to regulators soon, possibly as early as this Friday. Sources familiar with the matter revealed that investment banks including Goldman Sachs and Morgan Stanley are assisting OpenAI in drafting the IPO prospectus. Earlier this week, OpenAI cleared a major obstacle on the road to IPO — OpenAI CEO Sam Altman won a legal dispute against rival Elon Musk. OpenAI still faces a series of other challenges, the most significant being concerns about whether the market believes it can generate enough revenue to support its massive data center spending commitments.

According to PolyBeats monitoring, on the prediction market Polymarket, the probability of OpenAI going public before the end of August is only 7%, before the end of September is 42%, and before the end of the year is 72%.

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GateUser-fbbc916d
· 1h ago
Ultraman always leaves room in his speech, just listen to "early September" and that's enough.
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KiteAndBlock
· 1h ago
The secret application move is well-executed; when the market is bad, withdraw; advance when possible, retreat when necessary.
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NightFlightMint
· 1h ago
72% chance of going public by the end of the year, gamblers are starting to place their bets again
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QuietValidator
· 1h ago
The investment bank is already drafting the prospectus; it looks like this time they're serious.
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WhitepaperByTheRoadside
· 1h ago
Data centers burn through money too aggressively; whether revenue can cover costs is indeed a major issue.
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ShellsLeftBehindByTheReceding
· 1h ago
Is OpenAI going public? We'll find out in September. Polymarket's prediction curve is quite interesting.
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