OpenAI IPO in doubt as tech rout threatens $1 trillion target

OpenAI is weighing a delay of its initial public offering until 2027, Bloomberg reported Thursday, citing a New York Times paywalled article. The reason: recent volatility in technology stocks that has erased billions from the sector's market cap.

The AI startup's advisers have warned that the turbulence could dampen retail investor enthusiasm for the deal, according to the report. CEO Sam Altman is pushing for a $1 trillion valuation, the report said. That figure sits roughly 17% above the $852 billion valuation OpenAI fetched in a March funding round that raised $122 billion. At the time, the company said it was generating $2 billion in monthly revenue, up from $1 billion per quarter at the end of 2024.

OpenAI filed a confidential S-1 registration statement with the Securities and Exchange Commission on June 8. The company said: