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Wall Street executives expect OpenAI to pursue an IPO in early 2027

OpenAI says it has not set an IPO timetable, while a Wall Street CEO expects the company to go public in the first quarter of 2027. The New York Post reports that OpenAI has rejected talk of an imminent offering as it raises money privately, while Anthropic has filed an S-1 ahead of a deal expected in late November.

AI-assisted synthesis · Based on 4 outlets' reporting · Article text read from 2 of 4 outletsHow it's made

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4 outlets2 regionsLatest reporting 3 min read
Coverage: Mostly CenterL 0 · C 2 · R 1 · 1 unrated
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What happened

Key facts

  • OpenAI says it has not set a timetable for an IPO and has said it does not plan to go public in 2026 (per New York Post).
  • OpenAI has rejected rumors that it is preparing to launch an IPO imminently (per New York Post, The Times of India).
  • People close to OpenAI say the company is raising around $300 billion privately in a round that would value it at $1 trillion (per New York Post).
  • Anthropic has filed an S-1 as a precursor to a deal expected in late November (per New York Post).
  • Stocktwits reported that OpenAI and Anthropic were said to be making pre-IPO moves toward public markets (per stocktwits.com, New York Post, fastcompany.com).
  • Fast Company reported that Anthropic and OpenAI had plans to share wealth ahead of IPOs (per fastcompany.com, New York Post, The Times of India).

The brief

A Wall Street CEO expects OpenAI to pursue a public offering in the first quarter of 2027, even though the company says it has not set an IPO timetable and has said it does not plan to go public in 2026. The forecast, reported by the New York Post, is an executive’s expectation rather than an announced OpenAI decision.

OpenAI has also rejected rumors that it is preparing to launch an offering imminently. Instead, people close to the company say it is raising around $300 billion privately in a financing round that would value it at $1 trillion. The New York Post reports that OpenAI has described its position as consistent: it has not established a timetable for an IPO.

Anthropic’s filing has sharpened the comparison between the two AI companies. The New York Post says Anthropic has filed an S-1 as a precursor to a deal expected in late November. The outlet reports that the offering could value Anthropic at as much as $2 trillion. Those figures and expectations concern a potential transaction, not a completed public listing.

The two firms’ routes to public markets are being discussed differently across the coverage. Stocktwits’ headline describes both companies as making pre-IPO moves, while Fast Company’s headline points to plans to share wealth ahead of IPOs.

The New York Post, by contrast, emphasizes the distinction between OpenAI’s stated lack of an IPO timetable and a Wall Street executive’s forecast for early 2027. A separate concern about Anthropic’s filing comes from investor Michael Burry. The Times of India reports that Burry said the S-1 did not alter his broader concerns about the AI market.

He said the filing did not address everything he believes is happening in the sector, and argued that the pace of analysis had accelerated as the developer landscape changed over roughly four months. Anthropic reported an operating loss of $693 million, compared with $2.14 billion previously.

The Times of India also says the S-1 largely covers the period through June 30, while Burry’s comments focus on whether those disclosures capture the wider AI market. His view is distinct from the financial figures Anthropic reported and does not establish how investors will value either company.

The immediate next markers are whether Anthropic proceeds with the deal expected in late November and whether OpenAI later sets a timetable or takes steps toward the first-quarter 2027 offering predicted by the Wall Street CEO. OpenAI’s public position remains that it has not set an IPO schedule; the early-2027 timing remains the executive’s expectation.

Why it matters

  • OpenAI’s stated lack of an IPO timetable contrasts with a Wall Street CEO’s first-quarter 2027 expectation, while people close to the company describe a private financing round of around $300 billion at a proposed $1 trillion valuation.
  • Anthropic’s potential offering carries a reported valuation ceiling of $2 trillion, compared with the $1 trillion valuation attached to OpenAI’s reported private round; these are prospective valuations, not completed transactions.
  • Anthropic reported its operating loss narrowed to $693 million from $2.14 billion, while Michael Burry said the S-1 did not change his broader concern about the AI market.

What to watch next

  • Whether Anthropic proceeds with the deal the New York Post says is expected in late November.
  • Whether OpenAI announces an IPO timetable, after saying it has not set one.
  • Whether the first-quarter 2027 IPO forecast from the Wall Street CEO is followed by a concrete OpenAI decision.

How it's being covered

Coverage analysisShow details
4 source articles · 4 unique outlets
Outlet political mix: Mostly Center· 2 Center · 1 Right · 1 unrated
Where the outlets are based: US/Canada 50% · Asia 25% · Other 25%
Outlet political mix
Mostly Center
Left
Center
Right
0 outlets
2 outlets
1 outlet
The marker shows coverage balance: each unique outlet counts once. 1 unrated outlet is not included.
Geography
Where the outlets covering this story are based.
4 unique outletsDominant coverage: US/Canada
How we measure coverage

How outlets' accounts compare

3 framing differences · 3 uncorroborated claims · 1 information gap
The reports repeat the same account with different emphasis; its central claims are not independently confirmed in the reporting Updat3 read.Compared across 2 reports whose article text Updat3 read; 2 other outlets were checked by headline only.
Framing / emphasis differences
Sources emphasise different angles, actors or consequences of the same reporting.
  • The New York Post centers on OpenAI’s denial of an imminent IPO and a Wall Street CEO’s first-quarter 2027 forecast; Stocktwits’ headline frames both OpenAI and Anthropic as making pre-IPO moves.
  • Fast Company’s headline emphasizes plans by both companies to share wealth ahead of IPOs, while the New York Post focuses on OpenAI’s lack of a set IPO timetable.
  • OpenAI’s timing is not settled in the reporting: the company says it has not set an IPO timetable, while a Wall Street CEO expects an offering in the first quarter of 2027.
Updat3: These are differences of emphasis, not disputes about what is reported. They do not show that the reported claims are true.
One-sided or uncorroborated claims
Claims that come from one party or one source family and are not independently corroborated.
  • A Wall Street CEO said an OpenAI IPO is coming “probably in the first quarter” of 2027.
  • OpenAI’s representative said the company had not set an IPO timetable.
  • Michael Burry said, “There is so much more going on than this S-1 addresses.”
Updat3: Not independently corroborated yet — treat as a claim, not an established fact.
Not established by the reporting
Information the available reporting does not contain or confirm. This is a gap, not a disagreement.
  • The reporting does not identify the Wall Street CEO or give the basis for the executive’s OpenAI IPO forecast.
Updat3: Updat3 cannot conclude anything about this from the current sources.

Timeline

Developments from this story's sources, dated background we compiled and fact-checked, and our earlier coverage. Each row says which.
  1. President Barack Obama signed the JOBS Act, allowing qualifying emerging growth companies to submit draft IPO registration statements confidentially.
    Background · compiled and fact-checked by Updat3
  2. OpenAI was founded as a nonprofit research organization on December 11, 2015.
    Background · from our historical context
  3. In 2019, it created a “capped-profit” subsidiary to attract investment while keeping the nonprofit as its governing body.
    Background · from our historical context
  4. Microsoft announced a $1 billion investment in OpenAI.
    Background · compiled and fact-checked by Updat3
  5. Former OpenAI employees, including Dario Amodei, founded Anthropic.
    Background · compiled and fact-checked by Updat3
  6. Microsoft announced a multiyear investment in OpenAI.
    Background · compiled and fact-checked by Updat3
  7. OpenAI's board removed Sam Altman as chief executive.
    Background · compiled and fact-checked by Updat3
  8. OpenAI reinstated Sam Altman as chief executive.
    Background · compiled and fact-checked by Updat3
  9. That episode preceded the December 2024 restructuring proposal.
    Background · from our historical context

How we got here

In December 2024, OpenAI announced plans to restructure its for-profit business as a Delaware public benefit corporation, while its nonprofit would retain control; the company said the change would help it raise capital and pursue its mission. That proposal followed years of changes to OpenAI’s legal and funding model.

OpenAI was founded as a nonprofit research organization on December 11, 2015. In 2019, it created a “capped-profit” subsidiary to attract investment while keeping the nonprofit as its governing body. Microsoft announced a $1 billion investment in OpenAI in July 2019 and expanded its partnership with a multiyear investment announced in January 2023.

Original sources

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