The AI firm targets a September public debut at a $906 billion valuation following a key legal hurdle removal.
OpenAI plans to file for an initial public offering within days, aiming for a September listing after a lawsuit by Elon Musk was dismissed. The move accelerates its public market debut, with Goldman Sachs and Morgan Stanley as underwriters.
The company, valued at $852 billion in private funding rounds, sees secondary market shares trading at $735, up 46% in three months. Its latest private valuation stands at $906 billion, reflecting strong investor demand.
Private market activity and the selection of top-tier underwriters signal a high-profile technology IPO. Crypto markets have already reacted to unauthorized AI stock tokenization attempts linked to OpenAI.