OpenAI CEO Sam Altman confirmed the company exceeds $13 billion in annual revenue but faced skepticism about its ability to fund significant spending commitments. He dismissed rumors of an imminent IPO, stating there's no set date but acknowledges it will happen eventually.

The article discusses OpenAI's uncertain plans for an IPO, suggesting CEO Sam Altman may not prioritize going public despite speculation. With substantial private funding and pressure to meet financial commitments, the company faces challenges in increasing revenue significantly. Altman’s defensive remarks about public scrutiny highlight his reluctance to embrace the public market.

Databricks secured $5 billion in funding, including $2 billion in debt, pushing its valuation to $134 billion. The company reported over $5.4 billion in annualized revenue, driven by demand for its AI services, and is considering an IPO when conditions are favorable.

Wealthfront, an automated digital wealth management platform, disclosed an increase in its 2025 revenue to $308.9 million in its U.S. IPO filing. The company is set to list on the Nasdaq under the symbol "WLTH," with major banks like Goldman Sachs and J.P. Morgan as underwriters.

Cleo, the UK fintech company, has announced impressive 2024 results, achieving $136 million in annual revenue and $250 million in annual recurring revenue (ARR), with a significant subscriber growth of 42% year-over-year. CEO Barney Hussey-Yeo hinted at a potential IPO, debating between London and NYC for the listing. The company has reduced its pre-tax losses and is optimistic about reaching $500 million ARR soon.

UK fintech Monzo has achieved a significant milestone by surpassing £1bn in revenue for the first time, reporting £1.2bn in revenue and a profit of £60.5m for the last financial year. With a growing customer base of around 12 million and plans for expansion in Europe and the US, Monzo is also preparing for a potential IPO, currently valued at £4.5bn.

Figma Inc. shares dropped over 13% after the company reported breakeven earnings of $249.6 million in revenue for its first post-IPO quarter, falling short of the expected 18 cents per share profit. Despite the earnings miss, Figma's revenue grew 41% year-over-year, and the company launched four new products, with expectations of continued growth in the upcoming quarters.

Gemini has filed for an IPO on Nasdaq under the ticker GEMI, revealing a significant net loss of $282.5 million in the first half of 2025, compared to $41.3 million in the same period last year. The filing also includes plans to transition most users to a Florida-based unit called Moonbase and a new credit agreement with Ripple worth up to $75 million.