OpenAI is preparing a confidential filing for an initial public offering that could become one of the largest public market debuts in history. Reports said the company is working with Goldman Sachs and Morgan Stanley on draft IPO documents and could submit filings to U.S. regulators within days.
The ChatGPT developer is reportedly targeting a public listing as early as September 2026 following rapid growth in artificial intelligence adoption and enterprise demand for generative AI services. OpenAI was recently valued at approximately $852 billion after a major funding round, with some analysts projecting a future valuation approaching $1 trillion.
The IPO preparations follow OpenAI’s recent legal victory in a lawsuit brought by Elon Musk, removing a major uncertainty surrounding the company’s corporate structure and long-term commercialization strategy.
