On Monday, OpenAI filed a confidential application for an initial public offering (IPO) in the United States. The developer of ChatGPT thus follows its rival Anthropic, which is also preparing to go public.
OpenAI chose to file a so‑called confidential IPO application, meaning the details of the listing — including the offering prospectus — will remain private until shortly before the transaction. This approach gives the company flexibility to time the listing and adjust terms in response to market conditions.
The move was not entirely unexpected. Reuters notes that OpenAI has rapidly attracted private capital in recent periods, with its valuation rising sharply across successive funding rounds. The decision indicates that the largest players in the artificial intelligence sector are increasingly looking to public markets, not only venture capital, to finance further growth.
According to the Financial Times, preparation for the IPO over recent months has involved investment bankers from Morgan Stanley and Goldman Sachs and legal advisers from the Cooley law firm. Reported plans envision a primary share offering at a company valuation of at least $1 trillion.
Led by chief executive officer Sam Altman, OpenAI’s step toward a public listing alongside Anthropic highlights a maturing market and continued strong investor interest in AI-related developments.
Because the filing is confidential, specific listing terms and timing remain undisclosed for now.
This article does not constitute investment advice or a recommendation.
Tags: stock market, financing, IPO, artificial intelligence, capital markets, venture capital, OpenAI, ChatGPT
