OpenAI Opens Door to Retail Investors as $852 Billion Valuation Raises IPO Stakes
OpenAI is making its stock available to a broader base before a possible IPO, announcing this week that shares will now be part of several ARK Invest-run ETFs, following the close of a $122 billion funding round that set its valuation at $852 billion. The company behind ChatGPT also disclosed it has, for the first time, collected over $3 billion from individual investors via banks. The timing is key: OpenAI wants to convert its surge in consumer interest into more consistent business sales. The company’s funding statement put enterprise at over 40% of its revenue. Reuters has OpenAI shifting resources to Codex and other corporate-focused products.