What will OpenAI's IPO valuation be?
- Will OpenAI's IPO valuation be less than $1T?12¢
- Will OpenAI's IPO valuation be between $1.25T and $1.5T?26¢
- Will OpenAI's IPO valuation be between $1.0T and $1.25T?35¢
- Will OpenAI's IPO valuation be between $1.5T and $1.75T?16¢
- Will OpenAI's IPO valuation be between $1.75T and $2.0T?12¢
- Will OpenAI's IPO valuation be between $2.0T and $2.25T?1¢
- Will OpenAI's IPO valuation be at least $2.5T?3¢
- Will OpenAI's IPO valuation be between $2.25T and $2.5T?3¢
This market will resolve according to the implied equity valuation of OpenAI at its initial public offering (IPO) price. The IPO valuation is defined as the final IPO price per share multiplied by the total number of shares outstanding on a fully diluted basis, as disclosed in the final prospectus filed with the U.S. Securities and Exchange Commission. The IPO price will be the final offering price to the public as stated in the final prospectus. Trading prices after listing, including the opening trade, intraday prices, or closing price on the first day of trading, will not be considered. Indicated or preliminary price ranges, including any ranges disclosed in earlier filings or amendments, will not be considered. If the calculated valuation falls exactly on a boundary between two ranges, this market will resolve to the higher range. If OpenAI does not complete an IPO by December 31, 2027, 11:59 PM ET, this market will resolve to the lowest bracket. The primary resolution source will be the final prospectus filed with the SEC; however, a consensus of credible reporting may also be used.
Recent private-market momentum, anchored by OpenAI’s March 2026 $122 billion funding round at an $852 billion post-money valuation and $2 billion monthly revenue run rate, underpins trader consensus favoring IPO pricing in the $1.0–1.25 trillion range. Sustained 4x revenue growth relative to historical tech benchmarks supports elevated multiples near 34x annualized revenue, yet persistent cash burn—projected at $14 billion for 2026—and an unproven path to profitability until 2030 introduce downside risks relative to peers like Anthropic. Competitive pressures in frontier models and a confidential S-1 filing in June 2026 highlight the next key catalysts, as public investors will scrutinize gross margins and enterprise traction before assigning final pricing.