Lemkin: OpenAI's IPO will be delayed until mid-2027 as Altman secures alternative financing
Jason Lemkin · Peter Thiel and Softbank Sell NVIDIA - Why? & Why VC Will Hit $1TRN and The Opening of Retail · 20VC with Harry Stebbings · Nov 20, 2025 · at 1:23:33
Jason Lemkin is a venture investor and founder of SaaStr. He predicts that OpenAI will delay its IPO to mid-2027 due to securing non-public alternative financing.
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“I think that's a good idea. I think Sam will come up with so much alternative financing. It'll slip into mid 27, but I think that's the straw man today would be my guess. Like that's the plan, but there'll be so much, so many other sources of maybe the government will guarantee it. Who knows who will guarantee the money, but I think it's going to get it. That's going to be the straw man, but it'll get pushed to 27.”
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