GoKawiilAravind Srinivas, chief executive officer of Perplexity AI Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 5, 2025.
Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CEO Aravind Srinivas told CNBC.
"Agnostic of these two companies, we were planning for something in 2028 so that still remains the case," Srinivas said in an interview that aired on Tuesday.
Srinivas has previously said the company has no plans to go public before 2028. His latest comments suggest a more concrete timeline.
The CEO's comments come after Claude developer Anthropic confidentially filed for an initial public offering last week. While there are no details on share pricing, Anthropic was last valued at nearly $1 trillion. Meanwhile, OpenAI is also reportedly planning an IPO.
These listings, along with SpaceX this week, are going to be among the biggest in history and a test of investors' appetite for these mega-IPOs.
"I certainly think there will be ripple effects if they don't go well, like there is no sugar coating on that. The SpaceX IPO this week will definitely be a leading indicator to how Anthropic or OpenAI will go out," Srinivas told CNBC.
"I think it's important for the AI industry that these IPOs go well, and I actually think they will go well, because they're doing well."
The valuations of both Anthropic and OpenAI, known as frontier labs because their models are among the leading in the world, are under scrutiny from investors.
Srinivas said that both companies deserve their high valuations because "they are on the frontier." A slowdown in the pace of innovation may dent their valuations, he said, adding that there is no sign of this happening now.
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