Sam Altman: Even if it quickly files an IPO document, OpenAI may not immediately go public

BlockBeats News, May 22nd, OpenAI CEO Sam Altman stated in a speech to employees that even if the company quickly submits IPO documents, it may not go public immediately. The actual listing time will depend on market conditions and other factors. The earliest target for the IPO is September, but the schedule remains flexible.

Earlier reports indicated that OpenAI plans to confidentially submit an IPO application to regulators soon, possibly as early as this Friday. Insiders 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 hurdle on the path to an IPO—OpenAI CEO Sam Altman won a legal dispute against rival Musk. However, OpenAI still faces a series of other challenges, with the main concern being whether the market believes it can generate enough revenue to support its massive data center expenditure commitments.

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