OpenAI CFO Confirms No Immediate Plans for IPO, Focuses on Growth and Research
- ByStartupStory | November 6, 2025
OpenAI’s Chief Financial Officer, Sarah Friar, has clarified that the company does not have plans to pursue an initial public offering (IPO) in the near term. Speaking at the Wall Street Journal’s Tech Live conference, Friar emphasized that OpenAI is prioritizing scaling operations, research, and development over immediate profitability or public listing.
Although there has been recent speculation about a potential IPO that could value OpenAI at up to $1 trillion by 2027, Friar stressed that the company is focused on building a durable, long-term business. OpenAI recently underwent a corporate restructuring, transforming its for-profit arm into a public benefit corporation to facilitate partnerships and capital investment while maintaining control under its nonprofit parent.
Friar also mentioned that OpenAI is exploring diversified financing strategies, including working with banks, private equity, and potentially government-backed financing, particularly for capital-intensive data center projects and AI chip investments.
In conclusion, OpenAI’s CFO underscores that while an IPO might be on the horizon eventually, the priority currently remains on growing the company’s infrastructure, product capabilities, and research excellence to fully realize its mission in advancing artificial general intelligence.