The AI leader is working with Goldman Sachs and Morgan Stanley on paperwork for a potential September listing amid profitability concerns.
OpenAI is preparing confidential paperwork for an initial public offering, targeting a public debut as early as September. The company has engaged Goldman Sachs and Morgan Stanley as advisers, with filings expected within days, marking one of the most anticipated tech IPOs in years.
The move follows a legal victory over co-founder Elon Musk, though questions persist about OpenAI’s profitability and heavy spending on AI infrastructure. Competition from rivals like Anthropic adds pressure, while enterprise adoption and revenue growth will be key valuation drivers.
An OpenAI IPO is expected to lift sentiment across AI-linked stocks, semiconductors, and cloud infrastructure sectors. Microsoft, its largest partner, could see significant benefits from heightened investor interest in the AI space.