[OpenAI May Go Public in 2027, Microsoft Supports Restructuring] OpenAI may go public as early as 2027, and it is expected to become one of the largest initial public offerings (IPOs) in history. Previously, OpenAI announced the completion of a capital restructuring, establishing a structure where a nonprofit entity holds the for-profit business. The nonprofit entity has been renamed OpenAI Foundation and holds approximately $130 billion in equity of the for-profit division. CEO Sam Altman stated that an IPO is the most likely path to meet the company’s future capital needs. Since 2019, Microsoft has invested over $13 billion in OpenAI, supporting this restructuring, and stated that its investment in OpenAI Group PBC is now valued at approximately $135 billion, accounting for 27% of diluted shares.