OpenAI, the developer of ChatGPT, along with other global artificial intelligence (AI) companies, is moving to list on U.S. stock exchanges. This trend appears to be driven by the need to secure substantial funding for AI infrastructure investments. Similarly, domestic AI startups are preparing for initial public offerings (IPOs) to enhance their business competitiveness and corporate value.
According to reports from Bloomberg and others, OpenAI has submitted a confidential registration statement to the U.S. Securities and Exchange Commission (SEC) and has selected Goldman Sachs and Morgan Stanley as lead underwriters, with plans to consider an IPO this fall. Market analysts predict that OpenAI's valuation could reach as high as $1 trillion.
Earlier, Anthropic, the company behind the AI model Claude, also filed a confidential IPO application with the SEC on June 1. During its recent fundraising efforts, Anthropic was valued at approximately $96.5 billion. The push for IPOs by these global AI giants is interpreted as a strategy to secure stable funding for astronomical infrastructure investments.
In South Korea, the atmosphere for AI companies preparing for IPOs is also intensifying. Among domestic startups, Upstage is moving quickly and plans to unveil its strategies for domestic and international business expansion, investment, and IPO direction next week. Upstage aims to leverage funds raised through its IPO to respond to the emerging era of AI agents based on its own large language model (LLM).
Many startups are also preparing for IPOs. Natural language processing company Muhayu is progressing with plans to go public early next year. Spatial AI firm Deepfine has completed its selection of an underwriter and expects to secure additional investment this month. Other companies, including StradVision, Madup, and Big Wave Robotics, are also reportedly pursuing IPOs.
Among domestic AI service companies, Lutton Technologies has stated that it will focus on expanding its business foundation rather than pursuing an IPO for the time being. Despite experiencing a 15-fold increase in revenue last year, the company plans to consider going public only after establishing sufficient market dominance.
* This article has been translated by AI.
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