Reported ChatGPT reach1 billion peopleCompany disclosure · Aug 17, 2026
Closed financing$122 billion committed capitalPrivate financing · Mar 31, 2026
Private post-money valuation$852 billionPrivate company valuation · Mar 31, 2026
- IPO filing
- Roadshow
- Pricing
- First trade
- Quiet period
- Lockup
Private valuation history
Dated private-company valuations · USD
Hover or tap to inspect values
$852B▲ +184% since first observationLatest observation · 2026-03-31
- Private valuation
2025-03-312025-03-312026-03-312026-03-31
First valuation$300B2025-03-31
Latest valuation$852B2026-03-31
Observations22025-03-31 – 2026-03-31
Valuation change+184%since first observation
Use Left and Right arrows to select a data point. Home and End select the first and last. Tap to pin a selection; Escape or Reset clears it.
Capital raised per round
Capital announced per private funding round · USD
Hover or tap to inspect values
$122BLatest round · 2026-03-31
- Round capital
2025-03-312025-03-312026-03-312026-03-31
First round$40B2025-03-31
Latest round$122B2026-03-31
Recorded rounds22025-03-31 – 2026-03-31
Largest round$122B2026-03-31
Use Left and Right arrows to select a data point. Home and End select the first and last. Tap to pin a selection; Escape or Reset clears it.
IPO recap
Offering not completed
IPO date, ticker, and IPO offer price are not yet confirmed.
Filed—
Pricing—
First trade—
Lockup ends—
The short version
OpenAI confirmed a confidential S-1 submission in June 2026. Its public debut remains unscheduled, and Sam Altman subsequently ruled out a 2026 IPO. This profile separates its AI business and private financing from offering terms.
Key takeaway 1
Confidential S-1 preparation is confirmed; no offering schedule is published.
Key takeaway 2
Foundation control is central to the ownership structure.
Company in detail
OpenAI develops AI systems used through ChatGPT, developer APIs and Codex. It combines a widely distributed consumer interface with tools businesses can incorporate into software and employee workflows. Those activities expose it to different buying decisions: individual subscriptions, workplace procurement and developers paying to use models. A future prospectus would need to distinguish those customer groups to explain the durability and cost of growth.
The organization began as a nonprofit in 2015. Its present commercial business is OpenAI Group PBC, governed by the OpenAI Foundation. That structure matters to investors because commercial returns sit alongside a broader mission and oversight responsibilities. Public disclosures would need to explain shareholder rights and the relationship between the entities in detail.
The company announced the confidential S-1 on 8 June 2026 without a listing timetable. Reuters reported in September that Altman excluded an IPO that year. Regulatory preparation is therefore a concrete step, while the date and conditions of an eventual transaction remain open.
Private capital provides resources for research and infrastructure. The figures below describe financing commitments and private post-money valuations. They cannot answer questions about margins, cash requirements or the price at which shares might eventually be sold. Our analysis would focus on serving costs, recurring business demand and governance when an accessible prospectus supplies those details.
Operating metrics
Reported ChatGPT reach
1 billion peopleCompany statement; the source does not label it as MAU or WAU.
Aug 17, 2026Company profile
- Legal name
- OpenAI Group PBC
- Founded
- 2015
- Headquarters
- San Francisco, United States
- Chief executive
- Sam Altman
- Commercial entity
- OpenAI Group PBC
- Controlling nonprofit
- OpenAI Foundation
- Products
- ChatGPT, APIs and Codex
- Employees
- No published figure
Timeline
- Organization introduced
Founding announcement published.
- Private funding update
New capital for AI development.
- Expanded financing closed
Completed round superseded the February announcement.
- Confidential S-1 announced
Announcement day; actual submission day undisclosed.
Sources
- OpenAI: confidential S-1 announcement, 8 June 2026
- Reuters: Altman excludes 2026 IPO, 12 September 2026
- OpenAI: organization and products
- OpenAI: founding announcement, 11 December 2015
- OpenAI: San Francisco headquarters job disclosure
- OpenAI: private funding, 31 March 2025
- OpenAI: closed private funding, 31 March 2026
- OpenAI: financing and leadership, 27 February 2026
- OpenAI: ChatGPT reach, 17 August 2026
Reported ChatGPT reach
1billion peopleCompany statement; the source does not label it as MAU or WAU.
Closed financing
$122billion committed capitalCompany-announced closed round; committed capital, not IPO proceeds.
Private post-money valuation
$852billionMarch 2026 private round; explicitly post-money.
Employees
—No published figure
Net income
—No published figure
Operating cash flow
—No published figure
Financials
No reported financial periods with figures available
Revenue
No published financial dataReported financial periods will appear here when available.
No reported period with figures
Financial results are not available in the sources listed here.
Valuation & peers
Price-to-sales, revenue growth and gross margin
Comparable metrics unavailableComparable company figures for the same date are not available.
Revenue growth (%)
| Company | P/S | Growth | GM |
|---|---|---|---|
| OpenAI | — | — | — |
| No published peer comparison | |||
Context: Private financing valuations and modeled market values do not establish an IPO valuation. Revenue run-rate is not used here to calculate a price-to-sales ratio.
Private valuation and funding details
Private post-money valuation
$852 billionMarch 2026 private round; explicitly post-money.
Source · Mar 31, 2026Closed financing
$122 billion committed capitalCompany-announced closed round; committed capital, not IPO proceeds.
Source · Mar 31, 2026IpoHub score
How we score—Not rated
Balance sheet—
Growth—
Community—
Profitability—
Valuation—
Individual category scores are not available.
Where the money goes
—
Use of proceeds—
Allocation percentages—
Net proceeds—
Details on the use of IPO proceeds are not available.
Key risks
Editorial analysisInfrastructure economics
Our analytical focus is whether model usage can sustainably cover compute, research and expansion costs.
Governance and disclosure
A prospectus is needed to assess investor rights and relationships with the Foundation.
Deal terms
- Ticker
- Not confirmed
- Exchange
- Not confirmed
- IPO price
- Not confirmed
- Price range
- Not confirmed
- Pricing date
- Not confirmed
- First trading day
- Not confirmed
- Shares offered
- Not confirmed
- Deal size
- Not confirmed
- Underwriters
- Not confirmed
- Greenshoe shares
- Not confirmed
- Lockup
- Not confirmed
- Quiet period expirations
- Not confirmed
OpenAI IPO: where and how to invest
Where can I invest in the OpenAI IPO?
The OpenAI IPO is currently marked as filed; public share trading is not yet confirmed in this profile. If IPO subscriptions become available, you need a broker offering that specific deal to investors in your country. Having an account does not guarantee an allocation. After a confirmed listing, you can look for a broker that supports the relevant exchange.
Can I buy OpenAI shares now?
Public trading in OpenAI shares is not yet confirmed here. An announced or priced offering does not automatically mean you can buy the stock on an exchange. An IPO subscription and a private share purchase each have separate access requirements.
When is the OpenAI IPO?
A confirmed first trading day for OpenAI has not yet been published here. Check official company announcements and final offering documents; a planned timetable can change.
What is the OpenAI IPO share price?
A confirmed IPO offer price for OpenAI has not yet been published here. Private funding valuations and modeled private-market prices do not establish the eventual IPO share price.
What is OpenAI's stock ticker and exchange?
A stock ticker for OpenAI has not yet been confirmed here. An exchange has not yet been confirmed here. A proposed symbol or exchange does not establish that trading has begun. Verify the final listing announcement before placing an order.
Can I buy OpenAI shares before the IPO?
Private transactions or funds may sometimes provide exposure to OpenAI if a specific offer exists and you meet its requirements. This profile does not confirm an available private offer. A fund interest may provide indirect exposure rather than direct ownership of company shares. Private investments can have resale restrictions, uncertain valuations and limited exit options; a future IPO is not guaranteed.
Where can I find the OpenAI IPO prospectus?
Check OpenAI's official investor-relations announcements and publications from the relevant regulator and exchange. The company sources and documents on this page provide a starting point. A confidential submission or an announcement about it is not a publicly available prospectus. Before subscribing, read the final prospectus for the risks, price, share class and offering terms.
More questions about the OpenAI IPO
When is the IPO?
No date is confirmed; the September report rules out 2026.
Is the funding valuation an IPO valuation?
It is a private post-money financing valuation, not public offering terms.
Does the confidential S-1 provide public financials?
The announcement contains no accessible prospectus.
Learn more about IPO access and private investments: Investor.gov · FINRA
Similar IPOs
All IPOs →Not investment advice. Private market prices are dated model estimates. Community votes are not a recommendation.