OpenAI Files Confidentially for IPO

Jun 9, 2026
OpenAI has submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission, signaling plans for a potential initial public offering. The company said it has not yet decided on timing but wanted to preempt expected leaks about the filing.

OpenAI has submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission, announced in a press release. The company said it has not decided on timing for its initial public offering but expected information about the submission might leak.

The confidential filing allows OpenAI to prepare for a possible public listing without immediately disclosing its financial details or business risks. The company stated that remaining private for now may make certain plans easier to execute, but the filing gives it the option to go public sooner if needed.

OpenAI’s move comes one week after Anthropic filed confidentially for its own IPO and just before SpaceX begins trading on the Nasdaq. OpenAI is working with Goldman Sachs and Morgan Stanley on the potential listing, according to multiple reports. The company was last valued at about $852 billion and plans to facilitate a tender offer for employees to sell shares at that valuation before the IPO.

Founded in 2015, OpenAI became widely known after releasing ChatGPT in 2022. The company now reports over 900 million weekly active users and continues to expand its enterprise and developer products as it prepares for a possible public market debut.

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