Insider Brief
- OpenAI disclosed that it has confidentially filed a draft S-1 registration statement with the U.S. Securities and Exchange Commission, giving the company the option to pursue an initial public offering, though it said no timeline has been determined.
- The filing comes less than a week after rival Anthropic announced its own confidential IPO filing following a $65 billion funding round that valued the company at $965 billion, signaling that the two leading AI developers are positioning themselves for potential public market debuts.
- AI Insider reported in May that OpenAI was preparing for a possible IPO and had reportedly engaged Goldman Sachs and Morgan Stanley to help lead the offering, which could become one of the largest technology listings in history alongside the planned SpaceX public offering.
OpenAI indicated it plans to go public but has given no timeline on when that could happen. OpenAI announced on its website it filed a draft S-1 registration statement with the U.S. Securities and Exchange Commission.
“We expect it to leak so we’re just announcing it,” the company wrote. “We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.”
The move follows its AI rival Anthropic’s announcement last week that it had confidentially filed for an IPO shortly after closing a $65 billion funding round that valued the company at $965 billion.
AI Insider reported in late May that OpenAI was preparing for a potential IPO and had reportedly engaged Goldman Sachs and Morgan Stanley to help lead the offering. The anticipated listing is expected to rank among the largest technology IPOs on record and could compete for investor attention with the SpaceX public offering.
SpaceX is scheduled to begin trading on Nasdaq on Friday, with shares priced at $135 and set to trade on the Nasdaq under the ticker SPCX. At that price, the company would debut with a market capitalization of approximately $1.77 trillion, making it the largest IPO on record.
