Report: OpenAI Prepping to Quietly File for IPO as Soon as Tomorrow

OpenAI is reportedly getting ready for what may become one of the biggest tech IPOs in history. That’s according to CNBC’s sources, who claim that OpenAI could confidentially file its IPO paperwork as early as Friday as preparations quietly move forward behind the scenes.

OpenAI appears to be accelerating its IPO plans

The report claims OpenAI is already working with major Wall Street banks, including Goldman Sachs and Morgan Stanley, to prepare the filing over the coming days or weeks.

While the company has not officially confirmed an IPO timeline, it also did not deny the growing reports. Not to forget, previous reports have claimed that OpenAI is looking for a public debut as soon as later this year.

“Our focus remains on execution,” an OpenAI spokesperson reportedly told CNBC, while adding that the company regularly evaluates “a range of strategic options.” Considering that OpenAI has exploded into one of the world’s most valuable private companies since the launch of ChatGPT back in 2022, plans to go public are not surprising.

OpenAI’s IPO plans recently got a major boost after Elon Musk lost the landmark lawsuit because he was too late to file the lawsuit. However, Musk’s attorney has confirmed that they will appeal the ruling.

Per the CNBC report, private investors currently value OpenAI at more than $850 billion. Anthropic, an immediate rival to OpenAI, is also scaling at a rapid pace, with some reports hinting that it is also seeking a valuation that could eventually surpass OpenAI itself.

If OpenAI officially files in the coming days, it would mark a huge turning point not just for the company, but for the AI industry that has been accelerating at a near-unmatched pace over the last few years.