OpenAI may push IPO to next year: What’s behind the delay?

OpenAI is leaning toward postponing its initial public offering (IPO) until next year, rather than getting listed later this year, The New York Times reported, citing people aware of the matter. This move comes amid SpaceX’s rocky debut and a broader slump in technology stocks.

According to the report, the ChatGPT maker had hired bankers and lawyers to prepare for a public offering as early as the third or fourth quarter of this year.