Sam Altman-led AI startup OpenAI is preparing to confidentially file the draft papers for its initial public offering (IPO) as soon as Friday, CNBC reported, citing people familiar with the matter, adding that this could be one of the largest public market debuts in history.
The ChatGPT-maker, valued at more than $850 billion by private investors, is working with banks like Goldman Sachs and Morgan Stanley to prepare and file the draft papers in the US in the coming days or weeks, the report quoted a source as saying. “As part of normal governance, we regularly evaluate a range of strategic options…Our focus remains on execution,” an OpenAI representative said in a statement to CNBC.
