Perplexity Sticks To 2028 IPO Timeline As OpenAI, Anthropic Take Steps To Public Markets
Perplexity plans to go public in 2028 and is not altering that timeline based on the market reception of upcoming listings from rival artificial intelligence companies OpenAI and Anthropic, according to Chief Executive Officer Aravind Srinivas.
“Agnostic of these two companies, we were planning for something in 2028 so that still remains the case,” Srinivas said during an interview with CNBC.
Srinivas has previously indicated that Perplexity did not intend to pursue an initial public offering before 2028.
The remarks follow Anthropic’s and OpenAI’s steps towards a U.S. IPO. The former, known for its Claude model, submitted paperwork to regulators earlier this month, according to Reuters. Anthropic did not disclose the size or terms of the offering and was recently valued at approximately $965 billion following a major funding round.
OpenAI also disclosed Monday that it had confidentially filed for an IPO in the United States. The ChatGPT developer did not provide details on timing or pricing but said it had submitted confidential paperwork to regulators, according to CBS News.
The filings have intensified focus on what could become one of the most closely watched periods for technology listings in years. OpenAI, Anthropic and SpaceX are among the companies expected to test investor demand for large-scale technology offerings.
Srinivas told CNBC that the performance of those transactions could influence sentiment across the broader AI sector, while emphasizing that Perplexity’s own plans remain unchanged.
“I certainly think there will be ripple effects if they don’t go well,” Srinivas said. He added that SpaceX’s anticipated market debut would serve as an important indicator for investor appetite toward subsequent AI-related offerings.
The CEO also expressed support for the valuations assigned to OpenAI and Anthropic, describing both companies as leaders in developing advanced AI models. He noted that continued progress in model capabilities remains an important factor for maintaining investor confidence in the sector.
Discussion around AI spending has intensified in recent months as companies evaluate the cost of deploying increasingly sophisticated models. Srinivas said businesses are becoming more selective about which AI systems they use, weighing performance against operating costs.
Perplexity’s platform integrates models from multiple AI providers and can route tasks to different systems depending on the nature of the request and associated costs. Srinivas said lower-cost open-source models may be sufficient for many applications, while more advanced models remain important for complex tasks.
The broader AI industry continues to attract unprecedented levels of capital. OpenAI’s IPO filing came just days after Anthropic’s move toward public markets, underscoring the growing competition among leading AI developers. Reuters reported that OpenAI could pursue a valuation approaching $1 trillion, while Anthropic’s latest financing round valued the company at roughly $965 billion.
