OpenAI Lines Up 2026 IPO After $122 Billion Raise

Overview

• OpenAI is preparing to go public as early as the fourth quarter of 2026, according to new investor-focused reports.
• In March 2026, the company closed a $122 billion funding round that valued it at about $852 billion, with Amazon committing $50 billion and Nvidia and SoftBank putting in $30 billion each.
• Brokerages such as Robinhood have opened routes for retail investors to gain pre-IPO exposure to OpenAI through indirect vehicles.
• OpenAI reports rapid growth, with roughly 900 million weekly users, $13 billion in revenue for 2025, and guidance of $30 billion for 2026 that implies a rich multiple near 65 times sales.
• Analysts warn of steep losses driven by per-query computing costs and dependence on partners like Microsoft for cloud and Nvidia for GPUs, and some argue an IPO would not by itself fix those structural issues.