Going public is a one-shot deal to pay off investors and bring in new capital. Companies will prefer to do that when there is less uncertainty in the markets currently due to the tariffs, government shutdown, impending expiry of healthcare insurance premiums and personal income tax cuts.
OAI's target IPO is forecasted to be the largest ever, so if that flopped, it would cast doubt over its long term profitability.
I thought the whole point of going public was to tap the broader market for liquidity? Maybe they should SPAC lol.