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The largest IPOs by valuation in history For comparison: Meta Platforms (Facebook) went public in 2012 with a valuation of about $104 billion, Snowflake — approximately $70 billion in 2020, and Alibaba Group in 2014 — around $168 billion. Globally, the record still belongs to Saudi Aramco — $1.7 trillion. At a valuation of $730 billion, OpenAI is already moving into a different weight class. If it goes public, it could very likely become the largest tech IPO in U.S. history — reflecting the scale of investor trust in advanced AI developments. The company has not yet announced any potential listing dates or a price range for its shares. These details will only become known if an official IPO application is filed.