OpenAI Delays Its IPO to 2027
Sam Altman confirmed this week that OpenAI will not go public in 2026. He called it an 'ill-advised moment' given current tech stock volatility and the company's own financial chal...
Sam Altman confirmed this week that OpenAI will not go public in 2026. He called it an "ill-advised moment" given current tech stock volatility and the company's own financial challenges. OpenAI had already hired bankers and lawyers for a 2026 listing.
The shift to 2027 matters for the AI funding market. OpenAI's IPO was expected to set a valuation benchmark that venture-backed AI companies could reference. Without it, late-stage pricing stays opaque, and the wave of AI companies eyeing 2026 exits will likely push their timelines too. Meanwhile, Unitree, the Chinese robotics company, listed on Shanghai's STAR Market in August at a market cap that briefly hit 440 billion yuan. Its CEO Wang Xingxing was briefly the richest person in China born in the 1990s.