OpenAI has not yet held pre-IPO investor meetings to gauge demand or pricing, nor has it established an official timeline for a public listing, according to sources familiar with the company’s plans.
The lack of progress on the roadshow process suggests the highly anticipated initial public offering is further away than some market participants may have assumed.
The company previously indicated that a public debut "may be a while" away, and current internal preparations appear to align with that cautious stance.
This development follows earlier reports that OpenAI was considering postponing its IPO until 2027.
Those reports cited persistent volatility in the technology sector as a primary factor influencing the potential delay.
The company’s assessment of current market conditions has led to a more measured approach to its public market strategy.