OpenAI has engaged with Citibank and JPMorgan Chase regarding IPO matters

Deep Tide TechFlow News, May 30 — According to informed sources, OpenAI has discussed participation arrangements for its upcoming IPO with Citigroup and JPMorgan Chase.

The report states that Citigroup and JPMorgan Chase may join Goldman Sachs and Morgan Stanley in the future to jointly participate in the preparations for OpenAI's listing. However, these negotiations do not necessarily mean that the aforementioned institutions will ultimately appear on the underwriting syndicate list; other investment banks may still join later.

Previously, it was reported that OpenAI plans to secretly submit IPO application documents to regulators soon, with Goldman Sachs and Morgan Stanley already beginning to assist in drafting the prospectus. Some insiders indicated that the company might initiate the listing process as early as September this year, but the specific timing remains uncertain.

In the prediction market, Polymarket data shows that traders estimate a roughly 29% chance that OpenAI will complete its listing before the end of September this year, and about a 70% chance of listing before the end of the year.

If successful, OpenAI is expected to become one of the largest IPOs in the global artificial intelligence industry in recent years.