OpenAI Is Preparing to File for an IPO Soon • Hacker News Board

Re: OpenAI Is Preparing to File for an IPO Soon

#11

Post by throw03172019 » Wed, May 20, 2026, 5:22 PM UTC

Are they trying to beat SpaceX as well?

Re: OpenAI Is Preparing to File for an IPO Soon

#12

Post by aurareturn » Wed, May 20, 2026, 5:23 PM UTC

nodesocket wrote: post #8

Smart move IPO'ing ahead of Anthropic. Can take a lot of AI capital being first mover... That is, until Anthropic IPO's which I expect shortly.

Agreed. They should IPO first if they think Anthropic’s IPO will be bigger. Get as much capital as you can first, then use it to buy more compute and defensively.

The hype will be a lot less if Anthropic IPOs first and beats OpenAI’s numbers.

Re: OpenAI Is Preparing to File for an IPO Soon

#13

Post by skiing_crawling » Wed, May 20, 2026, 5:23 PM UTC

At this point IPOs are mainly for unloading bags onto retail. Every institution who wanted a piece of these labs got in years ago and captured all the value.

Re: OpenAI Is Preparing to File for an IPO Soon

#14

Post by brcmthrowaway » Wed, May 20, 2026, 5:26 PM UTC

Congrats to OpenAI and RIP to the SF housing market

Re: OpenAI Is Preparing to File for an IPO Soon

#15

Post by jmye » Wed, May 20, 2026, 5:27 PM UTC

cdrnsf wrote: post #6

Can't wait to see those revenue numbers.

Agree, deeply interested in their books and then whatever report cadence we end up on next year.

I understand that a lot of people want to cash out, but I'm surprised they're ready to share, especially given I don't think they've had issues bringing in funding in the private markets, but maybe I'm wrong.

Re: OpenAI Is Preparing to File for an IPO Soon

#16

Post by astkl » Wed, May 20, 2026, 5:28 PM UTC

It will probably be a failure, that is why they are rushing it to prevent a greater failure.

Microslop and Oracle are already way down from their highs. Only Nvidia as the shovel seller still performs well.

People generally hate AI. The IPO price will be inflated and the stock will drop 10% on the first day, like many late stage IPOs in the 2000 bubble.

Friends and family like the Kushners will cash out. Trump might even suspend wars around the IPO date.

Re: OpenAI Is Preparing to File for an IPO Soon

#17

Post by bensyverson » Wed, May 20, 2026, 5:28 PM UTC

Let's hope—and I say this with zero sarcasm—that their relationship to Wall Street is cruel indifference.

Re: OpenAI Is Preparing to File for an IPO Soon

#18

Post by Aboutplants » Wed, May 20, 2026, 5:29 PM UTC

The summer of Trillion dollar IPO’s is upon us. OpenAI, Anthropic, SpaceX

Will they eat each others potential capital appetite? Or is there just that much laying around for them all to gobble up the bag?

Re: OpenAI Is Preparing to File for an IPO Soon

#19

Post by cdrnsf » Wed, May 20, 2026, 5:30 PM UTC

4lx87 wrote: post #10

cdrnsf wrote: post #6

Can't wait to see those revenue numbers.

OpenAI reported ~$20 billion annualized revenue for 2025, up from $6 billion the year before.

And that covers their model training and infrastructure costs?

Re: OpenAI Is Preparing to File for an IPO Soon

#20

Post by Kye » Wed, May 20, 2026, 5:30 PM UTC

Say OpenAI IPO 5 times fast