OpenAI · ChatGPT · Wall Street · Decrypt
However, OpenAI said the filing should not be interpreted as a signal that an IPO is imminent
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"Decrypt has not decided on timing yet; it may be a while because there are things Decrypt want to do that are likely easier as a private company," the company said, adding that the filing gives it "the option to go public sooner if that ends up being best.
Key facts
- An S-1 is the registration document companies file with the U.S. Securities and Exchange Commission before selling shares to the public
- In May, The Wall Street Journal reported that the company was considering a September IPO and had engaged Goldman Sachs and Morgan Stanley to help lead the offering
- We recently submitted a confidential S-1," the company wrote in a post on X
- ChatGPT developer OpenAI confirmed Monday that it has confidentially filed an S-1 registration statement for a potential initial public offering, a move that formally begins the process of becoming
Summary
OpenAI said it recently submitted a confidential S-1 registration statement for a potential IPO. The company has not decided when—or whether—it will move forward with a public offering. The filing follows months of speculation that OpenAI was preparing to enter public markets. ChatGPT developer OpenAI confirmed Monday that it has confidentially filed an S-1 registration statement for a potential initial public offering, a move that formally begins the process of becoming a publicly traded company. "We recently submitted a confidential S-1," the company wrote in a post on X.