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Targeting a September listing, OpenAI to submit IPO prospectus draft as early as this Friday.

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AIMPACT News, May 21 (UTC+8), OpenAI is expected to submit its draft IPO prospectus as early as this Friday, marking a key step for the company toward the capital market. CEO Sam Altman has set a target 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 facilitate the listing filing and underwriting arrangements. Previously, after Elon Musk's lawsuit against OpenAI failed, the obstacles to listing were removed, and the process has clearly accelerated. OpenAI's current private valuation exceeds $850 billion; if it proceeds smoothly, it could become one of the largest IPOs in public market history. In addition, the company initially considered listing in the fourth quarter of this year, and its internal governance and operations have begun transitioning toward a public company, with preparations ongoing. (Source: AiHot)
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