OpenAI, the artificial intelligence company behind ChatGPT and on which Nigerian billionaire Adebayo Ogunlesi serves as a director, is laying the groundwork for an initial public offering that could value the company at up to 1 trillionpotentially one of the largest IPOs in history.
OpenAI could go public by late 2026
According to a report by Reuters citing three people familiar with the matter, OpenAI is exploring regulatory filings as early as the second half of 2026. The company in preliminary talks has considered raising about 60 billion. While there is no guarantee the plan will move forward in that form, the discussions mark a clear step toward going public.