"OpenAI may be building up to one of the largest initial public offerings ever, but CEO Sam Altman says he is not necessarily looking forward to helming a public company. "Am I excited to be a public company CEO? 0%," Altman said in an episode of the "Big Technology Podcast" published on Thursday. "Am I excited for OpenAI to be a public company? In some ways, I am, and in some ways I think it'd be really annoying.""
""I do think it's cool that public markets get to participate in value creation," he said. "And in some sense, we will be very late to go public if you look at any previous company. It's wonderful to be a private company. We need lots of capital. We're going to cross all of the shareholder limits and stuff at some point.""
OpenAI is preparing for a potential IPO that early reports value between $830 billion and $1 trillion, with a CFO eyeing a 2027 listing and possible filing in late 2026. CEO Sam Altman said he is not excited to be a public company CEO but acknowledged benefits of public markets participating in value creation. Altman said going public could be late relative to peers and that OpenAI needs lots of capital and will exceed shareholder limits. Altman was noncommittal on timing, fundraising, and valuation. OpenAI converted from a nonprofit to a for-profit structure with a nonprofit holding a $130 billion stake.
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