Deutsche Bank
May 22, 2026
What To Expect From OpenAI's Public Plans
Sector ReportEquitiesInformation Technology
OpenAI is set to file for a record-breaking IPO that could value the company at over $1 trillion, aiming to raise $60 billion by September 2026.
Key Takeaways
- 1.OpenAI plans a confidential IPO filing as early as May 22, 2026, targeting a public debut in September.
- 2.The IPO could raise $60bn at a valuation exceeding $1 trillion, which would be the largest IPO in history, doubling Saudi Aramco's record.
- 3.OpenAI faces stiff competition from Anthropic, which currently exceeds OpenAI in monthly revenue ($40bn vs $30bn) and is also planning a massive IPO.
Table of Contents
- Introduction
- Valuation and Financial Scrutiny
- Competition with Anthropic
- Market Capacity and Historical Context
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Authors
Adrian CoxTyler Durden
Securities
OpenAIAnthropicNVDACerebrasSaudi Aramco
Themes
AI Public Market TransitionRecord-Breaking Capital Markets Activity
Regions
North AmericaUnited States
