OpenAI, the developer of ChatGPT, is going public: The date has been set

OpenAI, the developer of ChatGPT, aims to complete preparations for an initial public offering in 2027, with the listing date now identified. Enterprise customers have grown to account for more than 50% of the company's revenue, a shift that matters for the durability of its business model. Meanwhile, the valuation expectation in its ongoing funding talks has been revised downward, signaling more cautious investor sentiment. What to watch next is how the revised valuation settles in the current financing round and whether enterprise revenue continues to outpace consumer contributions ahead of the 2027 IPO target.