OpenAI’s decision to defer its IPO until 2027 in favor of a bridge private round targeting at least $30 billion at a roughly $1.4 trillion pre-money valuation has shaped trader expectations for the eventual public raise. The company’s annualized revenue run rate near $50 billion—supported by rapid enterprise growth—underpins market-implied odds favoring a substantial IPO in the $90–100 billion range, consistent with its March 2026 $122 billion private round at an $852 billion valuation. Heightened AI safety considerations cited by CEO Sam Altman and the need for additional infrastructure capital continue to influence positioning, while upcoming 2027 milestones and any revisions to revenue trajectories remain key swing factors for resolution probabilities.
此市場將根據 OpenAI 首次公開募股(IPO)定價時所籌集的總募集毛額進行結算。 所籌集金額定義為 IPO 定價時按最終發行價售出股份的美元總值,並以提交給美國證券交易委員會的最終招股說明書所披露的數額為準。 透過任何超額配售選擇權(綠鞋機制)售出的股份不予計入。 現有股東出售現有股份的二級市場交易,只有在定價時屬於 IPO 發行的一部分,且反映在總募集毛額中,才會計入。在 IPO 之外進行的私人二級市場交易不予計入。 如果總募集金額恰好落在兩個區間的分界點,此市場將以較高的區間結算。 如果 OpenAI 未能在 2027年12月31日 下午11:59 ET 前完成 IPO,此市場將以最低區間結算。 主要結算依據為提交給 SEC 的最終招股說明書;但也可採用可信報導的共識。
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