Multiple outlets report that OpenAI is preparing to file paperwork for an initial public offering (IPO) in the coming days or weeks. The Wall Street Journal and Bloomberg cite unnamed people familiar with the matter, saying OpenAI is working toward an IPO filing soon. CNBC also reports that OpenAI plans to make a confidential filing and that it could happen as soon as Friday, citing a source.
Financial Times adds further details, saying OpenAI is using investment banks including Goldman Sachs and Morgan Stanley and has lawyers at Cooley involved. It also reports the company is readying an IPO with a potential timeline that could include listing as soon as September.
The reporting frames the possible IPO as part of a broader wave of anticipated listings for Silicon Valley, with the New York Times noting that an OpenAI IPO would be among the most highly anticipated offerings. Other coverage references internal considerations around changes that would come with going public, including commentary attributed to Sam Altman. Across sources, the main points are the planned IPO preparation, the involvement of major banks, and an expected timetable in the fall, though exact dates are not confirmed.
