OpenAI, the artificial intelligence company behind ChatGPT, is moving forward with its initial public offering (IPO) and could file a registration statement with regulators as soon as this week or in the coming weeks, according to a Wall Street Journal report on Wednesday citing sources familiar with the matter. The company has engaged investment banks including Goldman Sachs and Morgan Stanley to prepare a draft IPO prospectus, with plans to submit it on a confidential basis to the U.S. Securities and Exchange Commission (SEC) as early as Friday, May 22. OpenAI has not yet responded to Reuters’ request for comment, and Reuters could not independently verify the report.
Earlier, Reuters reported that OpenAI was considering filing with securities regulators in the second half of 2026. If the IPO proceeds as planned, it would be one of the most closely watched tech listings in recent years. Market analysts believe that, given OpenAI’s leadership in generative AI and its massive user base, the company’s valuation could far exceed the hundreds of millions of dollars previously rumored. However, the company still faces multiple challenges, including regulatory scrutiny, monetization hurdles, and intensifying competition in the AI sector.
