AI Business
5d ago
OpenAI plans to go public by 2027, potentially sooner, according to CFO
Aug 19, 2026
AI Summary
OpenAI's CFO Sarah Friar announced that the company aims to become a public entity by 2027, with the possibility of an earlier IPO if business performance continues to improve. The company has confidentially filed its IPO prospectus and is under pressure to validate its high valuation ahead of the public offering.
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- OpenAI's CFO Sarah Friar stated during an employee meeting that the company plans to go public by 2027, but may do so sooner if business conditions are favorable.
- The company raised $122 billion in March, providing it with financial flexibility.
- OpenAI filed its IPO prospectus confidentially with the SEC in June, but has not announced a specific public debut date.
- The company's revenue run rate has increased by 35% quarter to date, with enterprise revenue up 50% and 20 million weekly active users for its AI products.
- OpenAI reported $6.7 billion in revenue for the second quarter, an 18% increase from the previous quarter, leading to an annualized revenue run rate exceeding $40 billion.
- Competitor Anthropic has also filed its IPO prospectus and reported an annualized revenue run rate of $65 billion, with a preliminary revenue figure of $11.5 billion for the second quarter.
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