Racing to go public in September, OpenAI could submit its IPO draft prospectus as early as this Friday.

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AIMPACT News: On May 21 (UTC+8), OpenAI is expected to file its first draft prospectus for an initial public offering (IPO) as early as this Friday, marking a key step for the company as it moves toward the capital markets. CEO Sam Altman has set a goal of going public as early as September 2026. The company is working with Goldman Sachs and Morgan Stanley, leveraging the resources of these two investment banks to advance the IPO filing and underwriting arrangements. Previously, after Elon Musk lost his lawsuit against OpenAI, the obstacles to listing were removed, and the process accelerated noticeably. OpenAI is currently valued at more than $850 billion in private placements; if it proceeds smoothly, it could become one of the largest IPOs in public-market history. In addition, the company is considering going public as early as the fourth quarter of this year. Its internal governance and operations have already begun transitioning to a public company, with preparations continuing. (Source: AiHot)
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