OpenAI leans toward waiting until next year for IPO, NYT reports


FILE PHOTO: OpenAI logo is seen in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

June 25 (Reuters) - OpenAI is ⁠considering holding off on its public debut until ⁠next year, the New York Times reported on ‌Thursday, citing three people involved in the company's deliberations.

The AI startup, which has confidentially filed for a U.S. initial public offering, is ​targeting a valuation of up to $1 ⁠trillion, Reuters has reported, ⁠adding Chief Financial Officer Sarah Friar has told some associates ⁠the ‌company is aiming for a 2027 listing.

OpenAI's advisers presented company executives with the option of waiting ⁠until 2027 to go public with a $1 ​trillion valuation, or ‌lower the targeted valuation for a quicker listing, ⁠NYT said. ​CEO Sam Altman responded that any change to the trillion-dollar valuation was a non-starter.

Separately, U.S. President Donald Trump's administration has ⁠asked OpenAI to stagger the release ​of its new model over security concerns, a source familiar with the matter told Reuters.

Altman told staff the company would ⁠release its latest model, GPT 5.6, in a limited preview to select partners, with the government "approving access customer by customer during this preview period," according to The ​Information, which had reported the development ⁠earlier.

The staggered rollout came at the request of the Office ​of the National Cyber Director ‌and the Office of Science and ​Technology Policy, according to The Information.

(Reporting by Juby Babu in Mexico City; Editing by Vijay Kishore)

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