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- OpenAI said it recently filed a confidential S-1 registration statement for a potential IPO.
- The company has not decided when or whether it will move forward with a public offering.
- The filing comes after months of speculation that OpenAI was preparing to enter the public markets.
ChatGPT developer OpenAI confirmed on Monday that it has confidentially filed an S-1 registration statement for a potential initial public offering, a move that officially begins the process of becoming a publicly traded company.
“We recently filed a confidential S-1” for the company books In a post on X. “We expect it to leak, so we’re just announcing it.”
An S-1 is a registration document that companies file with the U.S. Securities and Exchange Commission before selling stock to the public. Secret filing allows regulators to begin reviewing paperwork before detailed financial information is published.
However, OpenAI said the filing should not be interpreted as an indication that an IPO is imminent.
“We haven’t decided on the timing yet; it may take some time because there are things we want to do that would probably be easier as a private company,” the company said, adding that filing gives it “the option of going public sooner if that is ultimately best.”
The announcement comes after months of speculation that OpenAI was preparing for a public listing. in may, Wall Street Journal I mentioned The company was considering an IPO in September and has brought on Goldman Sachs and Morgan Stanley to help lead the offering. The report came on the heels of the dismissal of Elon Musk’s lawsuit challenging OpenAI’s corporate structure, removing a significant legal burden.
OpenAI is not alone in moving toward public markets. Earlier this month, rival AI developer Anthropic It has been detected Filing a secret IPO, while Elon Musk’s SpaceX unveil Its IPO plans in May.
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