According to Reuters, OpenAI is planning to go public between 2026 and 2027 and is considering raising at least $60 billion. Sources close to the company say a filing with U.S. regulators could come in the second half of 2026, with Chief Financial Officer Sarah Friar indicating that 2027 remains the current target. Some advisors, however, believe the IPO could happen sooner.
A company representative said there is no fixed timeline yet:
"An IPO is not our focus," he told. "We are building a durable business and advancing our mission so everyone benefits from AGI."
The IPO preparations come as OpenAI completes a major restructuring aimed at reducing its reliance on Microsoft and simplifying its capital structure. Going public would allow the company to raise additional funds for expansion and large-scale AI infrastructure projects.
Founded in 2015 as a nonprofit organization, OpenAI later established a commercial arm governed by the nonprofit board. In October 2025, the company revised its structure once again, placing overall control under the OpenAI Foundation. The foundation now owns 26% of the group and holds rights to additional equity once certain milestones are met – positioning it as a key financial beneficiary of the company’s future growth.
Among OpenAI’s major investors are SoftBank, Thrive Capital, MGX, and Microsoft, which owns roughly 27% of the company following its $13 billion investment.
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