AI IPOs stall as OpenAI reportedly seeks up to $1.4 trillion valuation privately

What's holding the listings back

Bloomberg Markets reported that several AI-linked offerings had been cancelled, paused, or delayed. The report put that down to two pressures: higher interest rates and a downturn in AI operator stocks. It described AI companies, including OpenAI and Anthropic, as experiencing delays in their IPOs (even as private markets became increasingly active).

Private markets haven't slowed down.

According to the same report, private markets became increasingly active over the same stretch the public pipeline was stalling. That's the backdrop for the biggest number in the story.

OpenAI turns to private capital

The shift in markets prompted companies such as OpenAI to seek private funding, Crypto Briefing reported. OpenAI is reportedly aiming for a valuation between $1.25 trillion and $1.4 trillion in that raise. The article frames the range as reported, not confirmed, so it's worth reading it that way.

"Bloomberg Markets reported that several AI-linked offerings have been cancelled, paused, or delayed"

Anthropic's diverging path

Anthropic is the outlier. The report described it as the only major U.S. technology IPO moving forward, with a potential valuation near $1.5 trillion. That figure sits above the top of OpenAI's reported private range of $1.4 trillion.

There's a wrinkle, though. The same report also listed Anthropic among the AI firms experiencing IPO delays, which means it isn't clear from the source how far along the offering actually is or what "moving forward" covers in practice. Until there's more detail, the cleaner read is the one the report gives directly: rates are higher, AI operator stocks are down, private markets are more active, and OpenAI is seeking private funding while several public listings wait.