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

By Thomson Reuters Jun 25, 2026 | 3:33 PM

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)