OpenAI Preps Confidential IPO Filing, Eyes September Debut
ChatGPT maker OpenAI could file confidentially for its IPO as early as this Friday, targeting a public listing by September.
OpenAI is gearing up to go public. The AI juggernaut is preparing a confidential IPO filing that could land as soon as Friday, according to sources cited by the Wall Street Journal.
The company has tapped Goldman Sachs and Morgan Stanley to handle the deal. If everything stays on track, OpenAI could be ready to hit public markets as early as September.
A confidential filing lets the company kick off the regulatory process without immediately exposing its financials to the public. It's a well-worn playbook for high-profile tech companies looking to control the narrative before their market debut.
This would mark one of the most anticipated IPOs in the AI era. OpenAI, the company behind ChatGPT, has been on a tear — and Wall Street clearly wants in on the action.