Perplexity Maintains 2028 IPO Target as AI Rivals OpenAI and Anthropic Accelerate Filings

Key Facts

Amid an unprecedented wave of IPO filings in the tech sector, AI search startup Perplexity has chosen a more measured path. CEO Aravind Srinivas confirmed the company is sticking to its 2028 IPO plan, opting not to rush despite aggressive moves from industry rivals. This announcement comes as OpenAI filed confidentially for a US initial public offering on Monday, followed by Anthropic's confidential filing last week, while SpaceX prepares to go public this coming Friday.

This divergence in timing reflects varying strategies to capitalize on the current AI boom, as major players seek to capture available market liquidity. Per market data, valuations in this sector have seen steady growth, with OpenAI recently reaching record levels in private markets prior to its filing. Experts suggest that Perplexity’s 2028 target provides more room to scale its business model away from the quarterly pressures of public shareholders, unlike competitors who have chosen immediate public market exposure.

For traders, monitoring the tech sector's performance is vital as these massive IPOs impact overall market liquidity. Looking at the economic calendar, the market awaits Fed Goolsbee’s speech on June 3, 2026, for insights into interest rate paths affecting growth stock valuations. Additionally, the US ISM Services PMI, which previously stood at 54.5, will be released on the same day, serving as a key indicator for the health of sectors increasingly driven by AI integration.