r/stockmarket
OpenAI confidentially files IPO paperwork
News report indicates OpenAI has confidentially filed paperwork for an IPO, signaling a potential major public listing soon.
- IPO filing validates OpenAI's commercial maturity and path to profitability.
- Public listing could unlock significant liquidity and valuation upside for early stakeholders.
- Formalizes governance structure, potentially attracting more institutional capital.
- Increased regulatory scrutiny and disclosure requirements may hinder aggressive R&D spending.
- Market saturation concerns if AI monetization does not meet high public market expectations.
- Potential dilution of existing stakeholder value depending on IPO pricing and structure.
It just means they can keep their filings confidential whilst the SEC completes an initial review. It al becomes public before their roadshows, which should be in a few weeks (I think?).
“Confidential” doesn’t mean the entire IPO is secret.
They want to get in before Anthropic. If the Anthropic price crashes after the pump, it will sour OpenAIs IPO.
doesn't sound very confidential to me
I actually watched Apple WWDC yesterday and was pretty impressed by the new Gemini Siri.
My first thought was how this is not good for OpenAI. They just never had a chance in the consumer space going up against Google.
There's a lot of companies that have somewhat genuinely been waiting for 'the window to open'. Expect a bunch of Private Equity firms that overpaid for SaaS and Cyber in 2021-2022 to shit the bed now and do IPOs because after this capital markets might close. These firms have been loaded up with debt too, so there might be a need to return capital to funds while they still can, before debt rolls over on (increasingly likely) higher interest rates.
The question is, where is all this new capital going to come from if 10% of 3 x $1Tn+ companies, and a whole bunch of $1-20bln companies want to float 10% of their stock?
Every private board in the US is now saying "The window is opening", and some late stage investors are going to get twitchy about their modeled return scenarios.
How am i coming to know of this if its confidential?
I agree with you. I keep hearing about how these company’s ipo will screw over retail investors. Let’s take spacex. With their ipo, they expect to raise about 23b from retail investors. Retail investors as a whole controls about 12 trillions in liquid assets. That means spacex will siphon up about 0.18% of retail investors liquidity. That really ain’t much.
Nuance doesn’t get clicks
I won’t be buying because I have zero moneys
I don’t disagree, but I’d bet his hubris made him think they’d bend the rules for him. He’s lived such an insulated life that he legit thinks the rules don’t apply to him.
All publicity is good publicity, specially when it frames him in the AI context.
Game play it out. US citizens, per some definition, are on the inside. Non US are on the outside. And definitely countries outside the US are on the outside. I agree complete it should t be in the hands of the few, but which hands control it will be quite a battle.