Well they’re struggling to raise cash via new rounds, having slashed both the raise amount and valuation themselves. So in that situation they may go bust before having a chance to go public.

Or then any numbers they would have publicly presented with even previous scrutiny would have been so bad no one would have bought them at price they want.

OAI is in the middle of another funding round at $1.25T. If Anthropic with allegedly better financials can't get above $1.1T then why would anyone buy OAI at $1.25T

Is waiting better? Surely it would be better to be early, before faith is lost? I think being late to a party as it’s deflating is the worst case