OpenAI may delay its IPO to 2027 to chase $1tn

OpenAI is reportedly considering delaying its IPO until 2027, with Sam Altman holding out for a $1 trillion valuation rather than going public sooner at a lower price. The news hit SoftBank shares hard, dropping as much as 13%, and dampened prospects for Morgan Stanley and Goldman Sachs who stand to earn fees from the listing. The delay also risks letting rival Anthropic go public first. The move comes amid a turbulent week for AI stocks, with OpenAI's heavy cash burn making a trillion-dollar valuation a tough sell in the current market mood.

Source: https://thenextweb.com/news/openai-ipo-delay-2027-altman-1-trillion. 8 Sync News only summarizes and links out; content copyright belongs to the authors and original sources.