OpenAI submitted a confidential S-1 to the SEC, targeting a September 2026 IPO at a valuation up to $1 trillion.
OpenAI filed a confidential S-1 registration with the SEC on May 22, positioning itself for a potential initial public offering in September 2026. The company is reportedly eyeing a valuation of up to $1 trillion, with Goldman Sachs and Morgan Stanley leading the underwriting effort.
The move follows heightened investor interest in AI-driven companies, though market conditions and regulatory scrutiny could influence timing. OpenAI’s filing remains non-public, with details subject to SEC review before any official announcement.
No immediate market reaction was reported, but the news underscores growing anticipation for high-profile tech listings amid mixed economic signals.