ChatGPT developer OpenAI engages Goldman Sachs and Morgan Stanley to draft a confidential IPO prospectus for imminent regulatory submission.
OpenAI is finalizing plans to file confidentially for an initial public offering, targeting submission within days or weeks. The AI firm has enlisted bankers from Goldman Sachs and Morgan Stanley to prepare the draft prospectus, with a potential filing as early as this week.
The move follows months of speculation about OpenAI’s public market debut, though no valuation or share price range has been disclosed. Prior reports suggested the company could seek a valuation exceeding $100 billion, based on private funding rounds.
Market reaction details remain undisclosed, but the filing would mark a significant step for AI-related equities amid heightened investor interest in the sector.