Where the listing stands
OpenAI confidentially filed an S-1 with the SEC on 8 June 2026, with Goldman Sachs and Morgan Stanley reported as lead underwriters. The market had circled September 2026 as the listing window, based on reporting rather than company guidance. September arrived with no pricing date and no public registration. CFO Sarah Friar told employees on 19 August that OpenAI 'will be a public company in 2027', or sooner only if the business continues to inflect.
Altman's position on timing
In a 12 September 2026 interview, Sam Altman said 'right now would be an ill-advised moment to go public' and confirmed 'not 2026' when pressed. He has separately told investors he will not take the company public below a $1 trillion valuation. That combination — a stated valuation floor plus a deliberate delay — means the deal only arrives when public markets are ready to clear the bar.
The valuation and the pressure behind it
OpenAI closed a $122 billion round on 31 March 2026 at an $852 billion post-money valuation, the largest private funding round on record, and ran a roughly $7 billion employee tender in August 2026. Reporting puts 2025 revenue near $13 billion and 2026 revenue near $2 billion a month. SoftBank's $40 billion bridge loan maturing in March 2027 is widely read as a clock on the timetable.
The Anthropic sequencing question
Both labs are confidentially on file at the same time. Bankers have described this as a sequencing problem: whichever prices first sets the reference multiple for the other. Friar has told staff not to worry if Anthropic lists first. For investors, an Anthropic debut is effectively a live pricing experiment for OpenAI's own book.
Strengths
- Consumer and enterprise reach of ChatGPT gives it the widest distribution in the category
- Very large recent primary raise leaves the business well funded without a listing
- Deep strategic relationships with Microsoft and Nvidia across compute and distribution
- Confidential filing already complete, so a public registration can move quickly
Risks
- The $1 trillion valuation floor may not clear in a weaker market
- Heavy ongoing capital requirements for compute and data-centre commitments
- SoftBank's March 2027 bridge maturity creates financing pressure around the timetable
- Governance and corporate-structure complexity is unusual for a listing of this size
- Direct competition from Anthropic and Google for enterprise share
How to buy OpenAI stock
Want to invest in OpenAI? Here is how to buy OpenAI shares before and after the IPO.
- 1
Know that OpenAI stock is not publicly traded yet
OpenAI is still a private company (confidential s-1 filed · timing pushed to 2027), so there is no OpenAI ticker symbol and you cannot buy OpenAI shares on Nasdaq, the NYSE or through a regular brokerage app today. Any site selling "OpenAI stock" before the IPO prices should be treated with caution.
- 2
Open and fund a brokerage account that offers IPO access
When OpenAI lists, its shares will be available through most major brokers. Some platforms (for example Robinhood, SoFi, Fidelity, Charles Schwab and Interactive Brokers) also offer limited allocations at the IPO price before trading starts. Set up and fund an account in advance so you are ready on listing day.
- 3
Request an IPO allocation or buy on the first day of trading
Once OpenAI publishes its S-1 and sets a price range, eligible customers can request shares at the offer price. Allocations for hyped deals are usually small and oversubscribed. Otherwise you can place an order once the stock opens for trading — use a limit order, because first-day prices can swing sharply.
- 4
Consider pre-IPO secondary markets (accredited investors only)
Platforms such as Forge Global, EquityZen and Hiive sometimes list OpenAI shares sold by employees or early investors. These are generally restricted to accredited investors, carry high minimums, fees and transfer restrictions, and the company can block trades.
- 5
Get indirect exposure through listed investors
You can gain indirect exposure today by owning shares in publicly traded backers of OpenAI, such as Microsoft (NASDAQ: MSFT), SoftBank Group (TYO: 9984), Nvidia (NASDAQ: NVDA). The OpenAI stake is only one part of each of those businesses, so returns will not track OpenAI directly.
- 6
Get alerted the moment it prices
Join the FloatRadar waitlist to be notified when OpenAI's price range is set and to be introduced to brokers holding allocation.
OpenAI IPO — frequently asked questions
Has OpenAI filed for an IPO?
Yes — confidentially, on 8 June 2026. A confidential filing is not a public prospectus and sets no date.
When will OpenAI go public?
CFO Sarah Friar told employees in August 2026 that OpenAI will be public in 2027, or sooner only if the business inflects. Sam Altman ruled out 2026.
What valuation would an OpenAI IPO carry?
Its last private valuation is $852 billion. Sam Altman has said he will not list below $1 trillion.
How to buy OpenAI IPO?
To buy the OpenAI IPO, open a brokerage account that offers IPO access (for example Robinhood, SoFi, Fidelity, Charles Schwab or Interactive Brokers), request an allocation once the price range is published, or buy shares with a limit order on the first day of trading. OpenAI is still private (confidential s-1 filed · timing pushed to 2027), so no shares are available yet.
Where to buy OpenAI IPO?
Once listed, OpenAI shares will trade on TBA and be available through any major broker. Before listing, accredited investors may find pre-IPO shares on secondary marketplaces such as Forge Global, EquityZen and Hiive, subject to high minimums and company transfer approval.
When is the OpenAI IPO?
No date is confirmed. The expected window is 2027 (CFO guidance). OpenAI has not filed a public S-1, so the timetable remains indicative and can move.
What is the OpenAI IPO share price?
There is no IPO share price yet. The last private valuation was $852B post-money (March 2026) and the reported IPO target is $1T floor stated by Sam Altman. The per-share price is only set when the S-1 publishes a price range shortly before trading begins.
What is the OpenAI IPO date?
The OpenAI IPO date has not been announced. Current reporting points to 2027 (CFO guidance). Dates are typically confirmed only a few weeks before listing, after the roadshow and pricing.
What is the OpenAI valuation?
OpenAI's last private-market valuation was $852B post-money (March 2026), with a reported IPO target of $1T floor stated by Sam Altman. Revenue signal: Reported ~$2B per month during 2026.
Has OpenAI filed an S-1?
Not publicly. OpenAI is currently confidential s-1 filed · timing pushed to 2027. A public S-1 filing with the SEC will be the first official confirmation of the IPO, and it will reveal the ticker symbol, financials and price range.
When will OpenAI go for IPO?
Based on current reporting, OpenAI is expected to go public around 2027 (CFO guidance). The company has not committed to a date, and market conditions can delay or accelerate the plan.
Which stock market will the OpenAI IPO list on?
OpenAI is expected to list on TBA. The final exchange and ticker symbol will be confirmed in the S-1 filing.
What is the minimum investment to buy the OpenAI IPO?
For retail IPO access programmes there is usually no formal minimum beyond the cost of one share, though brokers may set their own thresholds. On the first day of trading you can buy a single share (or a fractional share at brokers that support it). Pre-IPO secondary platforms typically require accredited-investor status and minimums of $10,000–$100,000.
When is the earliest opportunity to buy OpenAI IPO shares?
The earliest opportunity for most investors is requesting an allocation at the IPO price through a broker with access, once the price range is set. Accredited investors can sometimes buy earlier on secondary marketplaces. Everyone else can buy the moment shares open for trading on listing day — expected around 2027 (CFO guidance).
Which stockbrokers are selling OpenAI IPO shares?
No broker is selling OpenAI shares yet because the IPO has not priced. Brokers that commonly offer IPO access to retail clients include Robinhood, SoFi, Fidelity, Charles Schwab and Interactive Brokers. Join the FloatRadar waitlist and we will introduce you to brokers holding allocation when the deal launches.
How to buy the OpenAI IPO before the stock market listing?
Before the listing, the only routes are pre-IPO secondary marketplaces (Forge Global, EquityZen, Hiive) — generally restricted to accredited investors with high minimums and company approval — or an IPO allocation at the offer price through a participating broker. Indirect exposure is also possible today via listed backers such as Microsoft (NASDAQ: MSFT), SoftBank Group (TYO: 9984), Nvidia (NASDAQ: NVDA).
How can I buy OpenAI stock?
You can't buy OpenAI stock on a public exchange yet because the company is private. Once it lists (expected window: 2027 (CFO guidance)), you can buy through any major broker or request an IPO allocation. Before then, accredited investors may find shares on secondary platforms such as Forge Global or EquityZen.
How to buy OpenAI shares before the IPO?
Pre-IPO OpenAI shares occasionally trade on secondary marketplaces, but access is typically limited to accredited investors with high minimums and company approval required for transfers. A simpler route is indirect exposure through listed backers such as Microsoft (NASDAQ: MSFT), SoftBank Group (TYO: 9984), Nvidia (NASDAQ: NVDA).
What is the OpenAI stock ticker symbol?
OpenAI does not have a ticker symbol yet. The symbol will be announced in its public S-1 filing shortly before it begins trading on TBA.
What will the OpenAI IPO price be?
No price range has been published. The last private valuation was $852B post-money (March 2026), and the reported IPO target is $1T floor stated by Sam Altman. The per-share price will only be known once the S-1 sets a range.
Can I buy OpenAI stock on Robinhood?
Not yet. OpenAI is not listed, so it cannot be bought on Robinhood or any other retail app today. Robinhood and several other brokers offer IPO access programmes, which may include OpenAI once the offering launches.
Is OpenAI a good investment?
FloatRadar rates OpenAI 74/100 for fundamental strength and 97/100 for hype. Strengths include consumer and enterprise reach of chatgpt gives it the widest distribution in the category; the biggest risk is the $1 trillion valuation floor may not clear in a weaker market. This is not investment advice — read the prospectus before investing.
Who owns OpenAI?
OpenAI is privately held by its founders, employees and investors including Microsoft, SoftBank, Thrive Capital, Nvidia.
How do I get notified when OpenAI goes public?
Join the FloatRadar waitlist for an alert the moment OpenAI's price range is set, plus introductions to brokers with allocation access.