OpenAI Sets Sights on Historic IPO, Targets September 2026 Listing
OpenAI, the creator of ChatGPT, is set to confidentially file its IPO prospectus with the SEC as early as Friday, May 22, 2026. This marks a significant step towards what could potentially be one of the most substantial technology public offerings in history. The company is collaborating with Goldman Sachs and Morgan Stanley as lead underwriters on the planned filing.
The artificial intelligence giant, currently valued at a staggering $852 billion by private investors, is aiming for a public listing between September and November 2026. If successful, the IPO could catapult OpenAI’s value to over $1 trillion, solidifying its status as one of the world’s most valuable companies. The company projects its revenue to double to $30 billion by the end of 2026.
The filing’s timing is noteworthy, coming just a day after OpenAI triumphed in a major legal battle against co-founder Elon Musk. Musk had contested the company’s transition from nonprofit to for-profit operations. The lawsuit’s resolution removed a significant hurdle in the IPO process. OpenAI has amassed over $180 billion from investors and continues to grapple with fierce competition from rivals like Anthropic, which is also targeting a 2026 IPO at a $900 billion valuation.
Source: CNBC