OpenAI prepares IPO filing for possible September listing (opens in new tab)

OpenAI is preparing to file confidential paperwork for a U.S. initial public offering in the coming days or weeks, with some reports saying the filing could come as soon as Friday, May 22, and a public-market debut could follow as early as September. The ChatGPT maker is working with Goldman Sachs and Morgan Stanley on a draft prospectus, and the Financial Times reported that Cooley is advising on the listing. The company was valued at $852 billion in a recent funding round and raised $122 bi...