WSJ: OpenAI may go public as early as 2027.

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On October 29, according to The Wall Street Journal, OpenAI may conduct its IPO as early as 2027, becoming one of the largest IPOs in history. Previously reported, OpenAI announced on Tuesday the completion of a capital restructuring, establishing its structure as a nonprofit holding a for-profit business, paving the way for a public listing. Its nonprofit organization has now been renamed the OpenAI Foundation and holds approximately $130 billion in equity in its for-profit division. OpenAI CEO Sam Altman stated, “Given the company's future capital needs, an IPO is the most likely path.” Microsoft has invested in OpenAI since 2019, totaling over $13 billion. Microsoft expressed support for this restructuring, stating that its investment in OpenAI Group PBC is now valued at approximately $135 billion, equivalent to 27% of the company's diluted shares.

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