# Moonshot AI's Kimi launched IPO as OpenAI's valuation did not materialize

*Economics. 70% certain. Thursday, 1 July 2027*

> Speculative fiction assembled from prediction-market prices. This has not happened.

**Bloomberg remained private and Moonshot AI completed its public offering.**

AI-focused companies reported mixed outcomes for public offerings in 2026-27. One company completed an IPO, while two others did not. The results presented a split picture for AI-focused public offerings.

OpenAI's planned initial public offering did not materialize. The valuation that had been discussed was not achieved. No IPO price was set.

Bloomberg did not proceed with an initial public offering. The decision was confirmed on Thursday 1 April. The company remained a privately held entity. No public shares were issued.

Moonshot AI's chatbot Kimi completed an initial public offering. The filing was finalized on Thursday 1 April. Shares began trading thereafter.

## Analysis

OpenAI's decision to forgo an IPO keeps its financing within private channels, preserving control but limiting broader public participation. This may sustain high private valuations but also constrains liquidity for early investors and could affect the company's ability to raise large sums without diluting existing stakeholders.

Bloomberg's continued private status and Moonshot AI's successful IPO highlight contrasting paths for AI-related enterprises.

### Background consulted for the analysis

- [OpenAI's $1.4T Valuation Targets $30B Private Raise, Delays IPO](https://gokhshtein.com/news/2026-09-30-openais-14t-valuation-targets-30b-private-raise-delays-ipo)
- [OpenAI (OPAI.PVT) Valuation, History & News - Yahoo Finance](https://finance.yahoo.com/quote/OPAI.PVT/)
- [OpenAI IPO Timeline and Financing Details - Forge](https://forgeglobal.com/openai_ipo/)
- [OpenAI Eyes $30B Pre-IPO Round at $1.4T Valuation](https://theaiinsider.tech/2026/09/30/openai-eyes-30b-pre-ipo-round-at-1-4t-valuation/)

## What this was built from

- **What will OpenAI's IPO valuation be?**: did not happen, 97%; settles Thursday, 1 July 2027 (polymarket). [Market](https://polymarket.com/event/what-will-openais-ipo-valuation-be)
- **Will Kimi (Moonshot AI) IPO by March 31, 2027?**: Yes, 70%; settles Thursday, 1 April 2027 (polymarket). [Market](https://polymarket.com/event/kimi-moonshot-ai-ipo-by)
- **Will Bloomberg IPO by March 31, 2027?**: No, 94%; settles Thursday, 1 April 2027 (polymarket). [Market](https://polymarket.com/event/bloomberg-ipo-byptptpt-20260729141424613)