OpenAI hasn’t held pre-IPO meetings or set timeline yet

OpenAI has not yet held pre-IPO meetings to discuss potential pricing and demand or set a formal timeline for listing, according to sources familiar with the company’s plans.

These meetings with investors to test the waters will likely begin if the artificial intelligence company has a better sense of timing, said the sources, who asked not to be named because the details have not been made public.

OpenAI said this secretly filed The prospectus, filed with the Securities and Exchange Commission earlier this month, is a hopeful signal for investors looking to jump into AI. But the company has repeatedly tried to temper expectations for when it will hit public markets. a post on x “it might take a while”.

New York Times reported It was announced on Thursday that OpenAI is eyeing a 2027 IPO. The company did not immediately respond to CNBC’s request for comment.

Speculation about OpenAI’s plans follows Elon Musk’s plan SpaceX He made a historic debut earlier this month, making him the world’s first trillionaire. The stock had a volatile first two weeks, and shares were mostly flat in intraday trading on Friday.

OpenAI’s chief rival, Anthropic, also confidentially submitted its disclosure to regulators but did not announce an official timeline.

OpenAI CEO Sam Altman told CNBC earlier this month that the company would go public when it makes sense.

“I think it’s a race to deliver the best technology and build the best business, but you know, going public is a financing event and I don’t think that’s an event we focus on the timing of,” Altman said.

— CNBC’s David Faber contributed to this report.

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