OpenAI CFO Reveals How Soon the IPO Could Actually Land

OpenAI Chief Financial Officer Sarah Friar said that the artificial intelligence (AI) lab will go public in 2027. She added that the debut could arrive sooner if the "business continues to inflect."

Friar delivered the timeline at an all-hands meeting on Wednesday, more than two months after OpenAI submitted a confidential S-1 registration statement to the US Securities and Exchange Commission (SEC).

OpenAI IPO Timeline Now Points to 2027

In June, OpenAI named no debut date and left the door open to staying private longer. Friar's remarks give the clearest internal signal so far.

She framed the offering as a funding step rather than an endpoint. Friar pointed to the $122 billion OpenAI raised in March as the source of flexibility.

"The IPO is not a finish line, it is a milestone, another fundraise. We raised $122 billion in March, and that gives us flexibility," Friar said.

The company has a post-money valuation of $852 billion.

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Anthropic Could Reach the Market First

Rival Anthropic has also filed confidentially and has held early meetings with prospective investors. A $2 trillion valuation has circulated ahead of a possible autumn debut. Friar told staff not to worry if Anthropic lifts the cover on its filing first.

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