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OpenAI could raise $60 billion in IPO at more than $1 trillion valuation, Brian Sozzi notes
Brian Sozzi, reporter and analyst at Yahoo Finance, reports that Deutsche Bank has commented on a potential OpenAI IPO. The bank noted that OpenAI was valued at $852 billion after its latest funding round completed at the end of March. Reports are circulating that OpenAI could be planning to raise $60 billion in an IPO that would value the company at more than $1 trillion, which would make it the biggest IPO.
Sozzi has previously reported on companies targeting the trillion-dollar milestone. He noted that ServiceNow’s CEO set a goal to grow the firm from a $94 billion market cap to $1 trillion. In a separate post, he highlighted that the S&P 500 was on pace for 26% year-over-year earnings per share growth. These reports point to ongoing interest in large-scale corporate valuations and earnings growth.
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