OpenAI Files Confidentially for IPO with Goldman Sachs, Morgan Stanley
OpenAI, the developer of ChatGPT, is preparing to file confidentially for an initial public offering as soon as this week. The company, currently valued at $852 billion, has enlisted Goldman Sachs and Morgan Stanley as underwriters for the IPO. The public debut is targeted for as early as September. This move marks a significant step for the AI firm, which has rapidly grown since launching its flagship product.
Key facts
- OpenAI is filing confidentially for an IPO as soon as this week.
- The company is valued at $852 billion.
- Goldman Sachs and Morgan Stanley are working on the IPO.
- The public debut is targeted for as early as September.
- OpenAI is the developer of ChatGPT.
Entities
Institutions
- OpenAI
- Goldman Sachs
- Morgan Stanley
Sources
- Quartz —