OpenAI

$852B Not in 2026 Confidential S-1 submitted AI

The paperwork exists. The calendar does not.

Evidence record · 23 September 2026
March 2026 financing, post-money · OpenAI S-1 announcement ↗ OpenAI financing announcement ↗ Altman 2026 timing report ↗

Overview

OpenAI announced on 8 June 2026 that it had confidentially submitted a draft S-1. Its own announcement said it had not decided when to list and might remain private for some time. A draft submission gives a company an option; it does not create a public offer or a fixed timetable.

OpenAI closed a financing round in March 2026 at an $852 billion post-money valuation. That is the last company-announced financing value, not an IPO target. In September, Sam Altman said OpenAI would not go public in 2026.

The FreeMalta read: OpenAI belongs at the centre of the watchlist, but a 2027 quarter or a $1 trillion offer price would be a forecast, not a company announcement. The next hard evidence is a public prospectus.

Catalysts

Confidential S-1 submission confirmed by OpenAI. March financing established a company-announced $852 billion post-money valuation.

Risks

OpenAI has not chosen an IPO timetable. Private financing terms may not translate into a public offering price.

FreeMalta Verdict

No 2026 IPO. Watch the public prospectus, not a speculative countdown.

Frequently Asked Questions

When is the OpenAI IPO?

OpenAI has not announced a date. It confirmed a confidential draft S-1 submission on 8 June 2026, and Sam Altman said the company would not go public in 2026.

What is OpenAI's valuation?

OpenAI announced an $852 billion post-money valuation for its March 2026 financing round. This is not an announced IPO price.

Has OpenAI publicly filed an S-1?

OpenAI announced a confidential draft submission. A public prospectus and offering terms have not been announced.

Full Company Profile

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Method & disclaimer: This is an editorial watchlist, not investment advice. Company-announced financing values, reported secondary prices, targets and public-market prices are different measurements. A confidential filing is not a confirmed offer date. Every company file has a dated evidence record; some figures are explicitly reported estimates rather than company disclosures. FreeMalta's OpenAI partnership does not imply access to non-public IPO information. Do your own research before making any investment decision.