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The OpenAI IPO Is a Bet on One Number You Cannot See Yet
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Investing··11 min

The OpenAI IPO Is a Bet on One Number You Cannot See Yet

OpenAI has confidentially filed for what would be the largest tech IPO ever. Strip away the noise and the whole trade comes down to a multiple that assumes flawless execution in a market where the competitor is reportedly ahead on revenue and the price of a token is falling off a cliff.

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