OpenAI Secretly Files IPO Application with SEC, Targets September Listing

According to OpenAI's official statement, the ChatGPT developer secretly submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission on Monday, June 8. The company emphasized that no decision has been made on the IPO timeline, as certain matters are more efficiently handled as a private company. OpenAI noted in a post on X: "We predicted the news would eventually leak, so we decided to announce it ourselves." According to the Wall Street Journal, OpenAI is working with Morgan Stanley and Goldman Sachs to advance the listing, with a possible September 2026 debut. The company stated, "It may take some time, as certain things are easier to complete while remaining private. But this is a complex trade-off, and filing keeps our option to go public earlier if needed." OpenAI's post-money valuation reached $852 billion following its March funding round.
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