Confidential submission of draft S-1 to the SEC
OpenAI filed a confidential draft S-1 with the SEC, signaling its intent to go public, though the company says it has not decided on timing and expects the filing to leak. Valued at over $850 billion, OpenAI is working with Goldman Sachs and Morgan Stanley on a potential listing. The move follows a similar confidential IPO filing by rival Anthropic weeks earlier.
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