OpenAI reportedly preparing to file for IPO in coming days or weeks
OpenAI is reportedly preparing to file for an initial public offering (IPO) in the near future. The company is collaborating with investment banks such as Goldman Sachs and Morgan Stanley to draft the necessary documents. The filing could occur as soon as this week, although OpenAI has not confirmed this information.
- ▪OpenAI is working on an IPO filing expected in the coming days or weeks.
- ▪The company is collaborating with Goldman Sachs and Morgan Stanley on the IPO prospectus.
- ▪The filing may happen as early as Friday, according to reports.
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Open this photo in gallery:OpenAI CEO Sam Altman arrives at the courthouse during a trial for Elon Musk's lawsuit over OpenAI's for-profit conversion in Oakland, Calif., on May 12.Manuel Orbegozo/ReutersShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountOpenAI is preparing to file for an initial public offering in the coming days or weeks, The Wall Street Journal reported on Wednesday, citing people familiar with the matter.The ChatGPT maker is working with bankers at firms, including Goldman Sachs and Morgan Stanley, on a draft IPO prospectus that it plans to file confidentially with regulators soon, possibly as early as Friday, the report said.OpenAI did not immediately respond to a Reuters request for comment.
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