OpenAI is preparing to file for an initial public offering in the coming days or weeks, with plans to file a draft prospectus confidentially with regulators as soon as this week. The ChatGPT maker is targeting a public debut sometime in the fall.
The artificial-intelligence giant is working with bankers at firms including Goldman Sachs and Morgan Stanley to prepare for the filing. This timeline marks a shift from previous reports suggesting the company was considering filing with securities regulators as late as the second half of 2026.
The preparations come a day after Elon Musk lost his lawsuit that threatened OpenAI's structure, leadership, and finances. The move is expected to be one of the most highly anticipated initial public offerings in what is set to be a major year of IPOs for Silicon Valley.