OpenAI Files for an IPO: the AI Revolution, $2 Billion a Month in Revenue and a Trillion-Dollar Valuation
Why the company behind ChatGPT could become one of the defining public listings of the AI cycle, and why early allocation may matter.
My name is Lukas. I am an investor, and after years in the market I have developed a simple principle: building capital is not about guessing the exact bottom or top. It is about seeing long-term trends early and finding opportunities that are not available to everyone.
This year has already brought major technology listings. Now an equally interesting opportunity is opening for investors: OpenAI is expected to go public this autumn.
What is already known?
In early June 2026, OpenAI officially confirmed that it had filed a confidential draft registration statement with the SEC for an IPO. The offering is being led by Goldman Sachs and Morgan Stanley, the same banks that often handle major technology listings.
The indicative listing window is autumn 2026, from September to November. In other words, the placement is now only months away.
OpenAI's latest private round valued the company at roughly $852 billion in March 2026. For the IPO, analysts expect a valuation above $1 trillion. This is the company that, with the launch of ChatGPT in 2022, effectively ignited the current AI wave.
Growth numbers, briefly
I do not like filler, so here are the numbers that matter:
- Annual revenue run-rate: about $2 billion at the end of 2023, roughly $6 billion in 2024, and above $20 billion by the end of 2025.
- The company is currently generating around $2 billion in revenue per month.
- The enterprise segment already accounts for more than 40% of revenue.
- At a comparable stage, OpenAI is growing roughly four times faster than Alphabet and Meta did.
To be honest, the company is still unprofitable and burns cash. For hypergrowth at this scale, that is normal, but it is also a real risk, and I keep it in mind. An IPO is always a bet, not a guarantee. Still, the bets made early in companies like this are the ones that have shaped my results.
Track record: my experience in pre-IPO and IPO deals
I am not speaking theoretically. I have experience both in pre-IPO deals and in public offerings.
Early deals from 2020-2021:
- Palantir: entered at $10, exited at $26.90, for a 169% gain.
- DigitalOcean: entered at $23.10, exited at $54.57, for a 146% gain.
- Airbnb: entered at $17, exited a year later at $137, for a 128% gain.
And here are my more recent IPO results through Fintch:
| # | Ticker | Entry to close price | Allocation | Net profit |
|---|---|---|---|---|
| 1 | CRWV | $40 to $162.20 | 95.05% | +253.4% |
| 2 | CRCL | $31 to $111.50 | 94.96% | +214.9% |
| 3 | KRMN | $22 to $44.30 | 94.10% | +81.9% |
Of course, not every deal closes the same way. That does not happen for anyone. But early entry into strong companies has generated most of the return. Now the same logic can be applied to OpenAI.
Early investors may receive a higher allocation
Access to participate in the OpenAI IPO is already open through Fintch. The mechanics are structured so that entering earlier can be more attractive.
In an IPO, the platform has a limited allocation, while demand is usually higher than supply. To distribute capacity more fairly, Fintch does not look only at how much money each participant contributes. It also accounts for how long that money stays in the pool.
Client points = amount in the pool x number of days in the pool. Your IPO allocation is then calculated as your points divided by the total points of all participants.
That means your share of the placement depends not only on the amount, but also on how early you entered. The longer the funds remain in the pool, the more points you earn, and the larger the potential allocation.
A simple example
Assume the available allocation is $10 million and the IPO window lasts 120 days. The figures are illustrative, but the principle is the same at any size.
- Client 1 contributes $10 million on day one. The funds remain for all 120 days: 10,000,000 x 120 = 1,200 million points.
- Client 2 contributes the same $10 million on day 90. The funds remain for only 30 days: 10,000,000 x 30 = 300 million points.
Together, they requested $20 million while only $10 million is available, creating a 2x oversubscription. Total points equal 1,500 million.
| Participant | Amount | Points | Share | Allocation | Returned |
|---|---|---|---|---|---|
| Client 1, early | $10m | 1,200m | 80% | $8m | $2m |
| Client 2, late | $10m | 300m | 20% | $2m | $8m |
The contribution is identical, but the early participant receives a much larger allocation because their funds were in the pool four times longer.
Two more important details
The money in the pool does not sit idle. While funds wait for the IPO, Fintch says they accrue a yield of about 5% per year in Fintch tokens.
The system rewards patience. If funds are withdrawn from the pool before the IPO, accumulated points are lost. The mechanism is designed for investors who enter early and hold their place rather than constantly moving in and out.
My takeaway
OpenAI is the kind of "early entry into a generational company" story I have been looking for throughout my investing life. Access through Fintch is open now, the window before the listing is measured in months, and the allocation rules are clear: the earlier you enter, the more points you can build.
I am entering early and consciously. If you also build capital for the long term and like being early in the right trends, this is exactly the kind of window worth studying.
Take a place in the OpenAI IPO
Explore the OpenAI IPO pool and review the current terms directly on Fintch.
Participate via FintchThis is the author's personal experience and opinion, not individual investment advice. A confidential IPO filing does not guarantee that an IPO will happen; timing and completion depend on market conditions and company decisions. IPO and pre-IPO investments involve risk, including possible loss of capital. Fintch pool terms, point accrual and token yield are governed by the platform's rules. Past results do not guarantee future returns.
Comments
7 commentsThe two-billion-dollar monthly revenue figure is huge. Lukas, is there a minimum ticket for joining the OpenAI pool through Fintch?
More than 40% of revenue coming from enterprise customers makes this more compelling than a consumer-subscription story alone.
The cash burn is my main concern. Do you expect the IPO proceeds to be used mostly for compute infrastructure?
The time-weighted allocation makes sense. It rewards people who commit early instead of arriving only when the IPO is already oversubscribed.
At a valuation above one trillion dollars, the growth expectations will be enormous. I would still keep the position size measured.
The comparison with Alphabet and Meta at the same stage is striking. OpenAI's growth rate is the strongest part of the case for me.
I joined with a smaller amount early. Building points over time feels more sensible than waiting until the final weeks of the window.