OpenAI's confidential S-1 filing positions its IPO around a private-market valuation of $852 billion established in the March 2026 funding round, with recent secondary share sales in August 2026 transacting at the same level. Strong revenue expansion from ChatGPT subscriptions and enterprise API usage contrasts with persistent operating losses that exceed $1 per dollar of revenue, implying the eventual public market cap will hinge on demonstrating sustainable growth and a credible path to profitability. Timing has shifted toward 2027 from earlier late-2026 targets, while comparable AI listings and broader equity multiples for high-growth tech will influence opening-day pricing and subsequent trading levels.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$1,519,667 Vol.
$1,519,667 Vol.
$800B
84%
$1T
76%
$1.2T
60%
$1.4T
44%
$1.6T
42%
$1,519,667 Vol.
$1,519,667 Vol.
$800B
84%
$1T
76%
$1.2T
60%
$1.4T
44%
$1.6T
42%
If no IPO occurs by December 31, 2027, 11:59 PM ET, this market will resolve to “No”.
Market capitalization is defined as the total number of outstanding shares multiplied by the closing share price on the first trading day.
Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.
In the event of an interruption in the course of the normal trading session on OpenAI's first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading.
Market Opened: Jan 30, 2026, 7:25 PM ET
Resolver
0x65070BE91...If no IPO occurs by December 31, 2027, 11:59 PM ET, this market will resolve to “No”.
Market capitalization is defined as the total number of outstanding shares multiplied by the closing share price on the first trading day.
Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.
In the event of an interruption in the course of the normal trading session on OpenAI's first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading.
Resolver
0x65070BE91...OpenAI's confidential S-1 filing positions its IPO around a private-market valuation of $852 billion established in the March 2026 funding round, with recent secondary share sales in August 2026 transacting at the same level. Strong revenue expansion from ChatGPT subscriptions and enterprise API usage contrasts with persistent operating losses that exceed $1 per dollar of revenue, implying the eventual public market cap will hinge on demonstrating sustainable growth and a credible path to profitability. Timing has shifted toward 2027 from earlier late-2026 targets, while comparable AI listings and broader equity multiples for high-growth tech will influence opening-day pricing and subsequent trading levels.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated

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