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OpenAI has submitted its IPO documents with the SEC, the ChatGPT maker said in a press statement, without providing any details of the size and scope of the IPO.
“We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it. 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,” OpenAI said in a press statement.
“But it’s a complicated set of tradeoffs, and this gives us the option to go public sooner if that ends up being best.”
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Earlier media reports suggested OpenAI is planning to go public as soon as September, marking a highly anticipated milestone as the artificial intelligence space prepares for several high-profile IPOs, including SpaceX and Anthropic, this year.
AI rival Anthropic had confidentially filed its IPO documents with the SEC earlier last week on June, 1.
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