Deutsche Bank
May 21, 2026
Quick Take on OpenAI's Record-Breaking IPO Plans
Macro ThematicEquitiesMacro Economic IndicatorsInformation TechnologyFinancials
OpenAI is reportedly planning a September IPO to raise $60bn at a $1 trillion valuation, marking the largest public offering in history. The move comes as competition with rival Anthropic heats up and retail investors scramble for direct AI exposure.
Key Takeaways
- 1.OpenAI is preparing for a record-breaking IPO with a potential $60bn raise at a valuation exceeding $1 trillion.
- 2.Competition is intensifying as rival Anthropic is also reportedly on track for an IPO and is generating higher monthly recurring revenue than OpenAI.
- 3.A $1 trillion valuation would position OpenAI as the 14th largest company globally, placing it between Berkshire Hathaway and Eli Lilly.
Table of Contents
- Appendix 1
- Important Disclosures
- Analyst Certification
- Additional Information
- International Production Locations
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Authors
Adrian Cox
Securities
OpenAIAnthropicNVDASaudi AramcoCerebrasMSFT.O
Themes
AI Monetization and Public Market EntryFoundation Model CompetitionMarket Absorption Capacity
Regions
North AmericaGlobalUnited StatesSaudi Arabia
