OpenAI confidentially files for US IPO

ChatGPT creator OpenAI has confidentially filed for a US initial public offering, becoming the third major AI company this year to set plans for a Wall Street debut. The company posted to X on Monday that it filed confidential paperwork with the US Securities and Exchange Commission, but had not decided when it would launch to the public.

"We expect it to leak so we’re just announcing it," the company wrote. "We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company." The move follows Anthropic’s June 1 announcement that it is pursuing an IPO and comes as SpaceX, which owns Grok creator xAI, is expected to debut in the US on Friday.

The last 12 months have seen several blockbuster IPOs, and multiple crypto firms such as stablecoin issuer Circle and trading platforms eToro and Bullish raked in billions after going public last year.

United States

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