OpenAI prepares to file confidentially for IPO as soon as Friday
Artificial intelligence company OpenAI is preparing to file confidentially for an initial public offering with the US Securities and Exchange Commission as soon as Friday, sources told CNBC. The company carries a private valuation approaching 500 billion dollars; the IPO could be one of the largest tech listings in recent years.
OpenAI is preparing to file confidentially for an initial public offering with the US Securities and Exchange Commission as soon as Friday, sources told CNBC. The company, led by chief executive Sam Altman, is currently structured around a nonprofit parent, but discussions about a corporate restructuring with investors are at an advanced stage. OpenAI has not formally commented.
Confidential filing lets OpenAI engage with the SEC ahead of a final pricing without disclosing financials publicly. Industry bankers say confidential filings typically happen several months before a deal goes live, with an active marketing window plausible by the end of the year. Goldman Sachs, Morgan Stanley and JPMorgan are reported to be among the lead advisers.
OpenAI's most recent private round implied a valuation near 500 billion dollars, putting the company on a level with Aramco, Apple and Microsoft. A successful listing would set a key benchmark for rivals such as Anthropic and, alongside SpaceX's expected IPO, would shape two of the most important investment stories of 2026. More detailed financial disclosures are expected later in the process.
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