OpenAI Prepares Confidential IPO Filing with Goldman Sachs and Morgan Stanley

May 21, 2026
OpenAI is preparing to file confidentially for an initial public offering in the coming weeks, working with Goldman Sachs and Morgan Stanley, according to The New York Times. The ChatGPT maker could go public as soon as September, following a recent court victory over Elon Musk.
OpenAI Prepares Confidential IPO Filing with Goldman Sachs and Morgan Stanley
Image: OpenAI

OpenAI, the maker of ChatGPT, is preparing to file confidentially for an initial public offering in the coming weeks, according to The New York Times. The company is working with bankers at Goldman Sachs and Morgan Stanley to finalize the paperwork.

The filing could occur as soon as Friday, with a public debut possible in September. The decision follows a recent federal court ruling that dismissed a lawsuit from Elon Musk, removing a key legal obstacle to the listing.

OpenAI was most recently valued at around 852 billion dollars after raising 122 billion dollars earlier this year. The company plans to spend heavily on semiconductors and data centers in the next five years, prompting the move toward public markets.

The IPO would mark one of the largest in Silicon Valley’s history and comes as other major technology firms, including SpaceX and Anthropic, prepare their own offerings.

We hope you enjoyed this article.

Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.

Also, consider following us on social media:

AI Funding News AI Brief AI Brief (X)

More from: Funding

07/03
Storika Closes Seed Round to Expand AI Creator Marketing Platform
07/03
LinqAlpha Raises 22 Million Dollars to Expand AI Agents for Institutional Investors
07/03
Turbo Law Raises $3.8 Million Pre-Seed to Expand Litigation Platform
07/03
Edge226 Acquires AnyClip to Expand Video Intelligence Capabilities
07/02
Experity Acquires Exdion Healthcare to Expand AI Revenue Cycle Automation

Subscribe to AI Funding Brief

AI Token Webinar

Market report

2025 Generative AI in Professional Services Report

Thomson Reuters

This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.

Read more

You May Also Like