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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