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Exclusive-OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation

Published by Global Banking & Finance Review

Posted on October 29, 2025

2 min read

· Last updated: January 21, 2026

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Exclusive-OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation
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By Echo Wang, Kenrick Cai, Deepa Seetharaman and Krystal Hu SAN FRANCISCO -OpenAI is laying the groundwork for an initial public offering that could value the company at up to around $1 trillion,

Exclusive-OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valu...

OpenAI's IPO Strategy and Timeline

By Echo Wang, Kenrick Cai, Deepa Seetharaman and Krystal Hu

Valuation and Fundraising Goals

SAN FRANCISCO -OpenAI is laying the groundwork for an initial public offering that could value the company at up to around $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time and give CEO Sam Altman access to a much larger pool of capital to pull off his ambitious agenda. 

Regulatory Filing Timeline

OpenAI is considering filing with securities regulators as soon as the second half of 2026, some of the people said. In preliminary discussions, the company has looked at raising $60 billion at the low end and likely more, the people said. They cautioned that talks are early and plans - including the figures and timing - could change depending on business growth and market conditions. 

Leadership Insights on IPO Plans

Chief Financial Officer Sarah Friar has told some associates the company is aiming for a 2027 listing, the people said.

(Reporting by Echo Wang in New York, Kenrick Cai, Deepa Seetharaman, and Krystal Hu in San Francisco; Editing by Kenneth Li and Lisa Shumaker)

Key Takeaways

  • OpenAI is planning an IPO with a valuation up to $1 trillion.
  • The IPO could be one of the largest in history.
  • OpenAI aims to file with regulators by the second half of 2026.
  • The company plans to raise at least $60 billion.
  • CFO Sarah Friar targets a 2027 listing.

Frequently Asked Questions

What is an IPO?
An IPO, or Initial Public Offering, is the process through which a private company offers its shares to the public for the first time, allowing it to raise capital from public investors.
What is capital raising?
Capital raising is the process of gathering funds from investors to finance a company's operations, growth, or expansion, typically through equity or debt instruments.
What is a financial market?
A financial market is a marketplace where assets such as stocks, bonds, currencies, and derivatives are traded, facilitating the exchange of capital and investment.

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