OpenAI Plans IPO Within One Year, Targets $1 Trillion Valuation With Possible September Filing

According to The Information, OpenAI CEO Sam Altman told employees on Wednesday (June 10) that the company expects to complete its initial public offering (IPO) within the next year. The company has already filed IPO documents confidentially with U.S. regulators, joining competitor Anthropic in pursuing public markets.

Altman emphasized that multiple factors could affect the timeline, potentially accelerating or delaying the IPO. According to Reuters reports, OpenAI is targeting a maximum valuation of $1 trillion and could potentially go public as early as September 2026. OpenAI also plans to launch a stock tender offer soon, allowing employees and existing shareholders to sell their holdings at $687.69 per share.