Catenaa, Friday, June 26, 2026- OpenAI has delayed its IPO to 2027, a timeline that would potentially see it go public after its AI rival Anthropic.
The ChatGPT maker’s leadership expects Anthropic to go public first, Bloomberg News reported, even though both companies have already filed confidentially with the US Securities and Exchange Commission.
OpenAI had been targeting a fall listing, and Anthropic is considering an IPO as early as October, Bloomberg News has reported.
Recent volatility in tech stocks has influenced OpenAI’s potential timing, the report said.
Deliberations are ongoing, and details of OpenAI’s IPO plans could change, the report said. The New York Times first reported the expected IPO timing.
The tech-heavy NASDAQ fell on Friday following the news before arriving at green by noon.
OpenAI and Anthropic have been racing to make their Wall Street debuts as soon as this year, in a bid to attract public-market investors and fund their heavy spending on chips and data centers for AI.
OpenAI is working with Goldman Sachs Group and Morgan Stanley on its potential listing, Bloomberg News reported.
OpenAI added a note of caution to its expected IPO timeline in its statement announcing the confidential filing. “We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company,” OpenAI said. “But it’s a complicated set of tradeoffs, and this gives us the option to go public sooner if that ends up being best.”
Goldman Sachs and Morgan Stanley stock fell as much as 4.9% and 4.2%, respectively, on Friday in New York. Shares of SoftBank Group, a large OpenAI backer, and Oracle, a major data center partner, both fell following the news of the revised IPO timeline.
Anthropic, once viewed as an underdog relative to OpenAI, has seen revenue soar this year thanks to the success of its AI software, including products that help streamline the process of writing and debugging code. The Claude maker filed confidentially to go public shortly before OpenAI.
OpenAI raised $122 billion in a funding round from investors earlier this year to support its spending spree on AI infrastructure. The financing valued the ChatGPT maker at $852 billion, including the money raised.