Microsoft-backed (MSFT) OpenAI's commitment to stay in California has cleared the way for a potential initial public offering that could occur as soon as 2027, The Wall Street Journal reported Tuesday, citing unnamed sources.

OpenAI's commitment, made after discussions between Chief Executive Sam Altman and California Attorney General Rob Bonta, allows the company to proceed with its plan for a new corporate structure and ultimately an IPO, according to the report.

Talks regarding an IPO have been preliminary, and the plan for a public listing could happen after 2027 or be canceled, the sources reportedly said.

OpenAI did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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