OpenAI Gears Up for IPO, Could Go Public by Q4
OpenAI has hired two major law firms to prepare for an IPO that could land as early as late this year.
OpenAI is making its first concrete moves toward going public. The AI giant has tapped two heavyweight law firms — Cooley and Wachtell Lipton Rosen & Katz — to lay the groundwork for an initial public offering, according to sources cited by The Information.
The timeline? Aggressive. The IPO could happen as soon as Q4, marking one of the most anticipated public listings in tech history.
This is the first tangible step OpenAI has taken toward a public debut, moving beyond the endless speculation that's surrounded the company's future structure. For a company that's raised eye-watering amounts of private capital, hitting the public markets would be a massive milestone.
No word yet on valuation targets or exchange selection. But the legal machinery is now officially in motion.