OpenAI's Altman Tells Staff He Expects IPO Within Next Year
Summary
- Sam Altman said OpenAI expects its initial public offering (IPO) to come within the next year, rather than this year.
- OpenAI said it confidentially filed for an IPO and secured the option to adjust the timing of its listing.
- Altman told employees that OpenAI is preparing to soon begin a tender offer at $687.69 a share.
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He disclosed the timeline in a message to employees
OpenAI is expected to go public within the next year rather than this year, according to a message Chief Executive Officer Sam Altman sent to employees.
The Information reported on June 10 that Altman told staff earlier this week he expects the company's initial public offering to come "within the next year."
OpenAI said on Monday, June 8, that it had confidentially filed for an IPO. Rival Anthropic filed its listing application on June 1 and is expected to go public this year.
Altman wrote that several factors could accelerate or delay the timing, but filing in advance would preserve the option to move faster if the company decides to proceed sooner.
He also told employees that OpenAI is preparing to soon begin a tender offer at $687.69 a share.
Kim Jung-a, guest reporter, Hankyung.com, kja@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
