- OpenAI plans to file confidential IPO paperwork within days or weeks, reports say
- Goldman Sachs and Morgan Stanley are advising OpenAI on the proposed public listing
- The IPO could happen within four months amid high investor interest in AI sector
OpenAI, the company behind ChatGPT, is preparing to move ahead with an initial public offering and could file confidential IPO paperwork with regulators within days or weeks, the Wall Street Journal reported, citing persons privy to the matter.
The artificial intelligence firm has reportedly been working with bankers on draft prospectus documents as it explores a public market debut that could take place within the next four months.
Investment banks including Goldman Sachs and Morgan Stanley are advising the company on the proposed listing, sources told the publication. Some of the people said a confidential filing could come as early as Friday.
The planned IPO would mark one of the most closely watched public listings in the AI sector, amid surging investor interest in generative artificial intelligence and rapid growth in OpenAI's valuation since the launch of ChatGPT.
The move also follows a recent legal victory for OpenAI against co-founder Elon Musk, removing a key hurdle ahead of the proposed listing. Musk has indicated he plans to appeal the ruling.
ALSO READ: OpenAI GPT-5.5 Launch: What Makes It The 'Smartest' AI Model Yet
At the same time, OpenAI continues to face questions over whether it can generate enough revenue to support its heavy spending on AI infrastructure and data centres.
The company is also contending with intensifying competition from rival Anthropic, which has reportedly seen faster recent growth driven by enterprise adoption of its AI products. OpenAI is currently undertaking a broader strategic shift in response to the evolving competitive landscape.
OpenAI did not immediately respond to a Reuters request for comment, and Reuters said it could not independently verify the report. Reuters had earlier reported that the company was considering filing with securities regulators in the second half of 2026.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
