OpenAI files confidential paperwork for potential Wall Street IPO

OpenAI, the developer of ChatGPT, has submitted confidential documents to regulators as a preliminary step toward a possible initial public offering on Wall Street. The company is working with investment banks Goldman Sachs and Morgan Stanley on the filing, but says no definitive timeline has been set and that it remains focused on developing new AI products. OpenAI also hinted at a tender‑offer plan that would let existing investors sell a portion of their holdings while the firm stays private.

The move follows a similar IPO filing by rival Anthropic and comes as SpaceX is slated to debut on the market, underscoring a wave of high‑profile technology listings. While the exact valuation target for OpenAI has not been disclosed, analysts note the filing could test investor appetite for large‑scale AI investments.