OpenAI has confidentially filed for an initial public offering (IPO), setting the stage for one of the most closely watched stock market debuts in the artificial intelligence industry.
The company submitted a draft registration statement to the U.S. Securities and Exchange Commission but did not disclose the size, timing or pricing of the proposed offering.
OpenAI said it had not made a final decision on when to go public, noting that remaining private still offers advantages as it continues to develop its business and AI infrastructure.
The filing comes shortly after rival Anthropic also moved toward a public listing, intensifying competition between the two leading AI firms. OpenAI was last valued at approximately $852 billion and has become one of the world’s most influential AI companies following the launch of ChatGPT in 2022.
The company is seeking public market funding as it faces soaring infrastructure costs associated with training and operating advanced AI models. Industry analysts believe the IPO could become one of the largest technology offerings in recent history.
The move comes amid a broader wave of expected mega-listings, including the anticipated public debut of SpaceX.
