OpenAI rethinks its IPO and targets 2027 amid market volatility

The original content is a tweet posted on June 25, 2026 by the financial analysis account The Kobeissi Letter, which cites a report from the New York Times. It is therefore a second-hand source: a post on X summarizing a news article, without our having access to the full NYT text. The summary that follows is based solely on the data literally present in that tweet.

According to The Kobeissi Letter, OpenAI is reportedly leaning toward postponing its initial public offering (IPO) until 2027. The main reason cited is that markets have gone through weeks of turbulence —the tweet calls them «choppy», that is, agitated and unpredictable—, which would have led the company to reconsider the original timeline that had pointed to an earlier date.

A second weighty factor is the internal concern about how the offering would be received among retail investors. OpenAI fears it will not find enough enthusiasm in that market segment, which could make it harder to place shares at the desired price and volume.

The company's advisers reportedly laid out two alternative paths: waiting until 2027 and aiming for a valuation of 1 trillion dollars, or speeding up the process while accepting a lower valuation. The decision therefore involves a classic dilemma between time and price: more patience could translate into a higher valuation, but it carries the risk that market conditions worsen even further.

The recent volatility in tech stocks is explicitly pointed to as the trigger for these doubts. The tech sector has historically been sensitive to changes in interest rates, macroeconomic expectations and cycles of investor sentiment, and OpenAI would not be the first high-profile company to delay its IPO when the stock-market environment turns difficult.

It is important to underline what we do NOT know from this source: there are no details about the share structure of the possible IPO, nor about the investment banks involved, nor about the exact conditions OpenAI considers acceptable for going public. The tweet also does not clarify whether the 1 trillion dollar figure is a pre-money or post-money valuation, nor what percentage of the capital would be floated. Any elaboration on those points would be speculation.

In short: this is a breaking-news item of limited scope —a tweet condensing NYT headlines— with 1.3 million views, several thousand interactions and 287 replies recorded at the time of capture. The central message is clear: OpenAI is in no hurry to debut on the stock market if conditions are not favorable, and prefers to preserve an ambitious valuation rather than rush.