OpenAI is preparing to confidentially file a draft IPO prospectus as early as Friday, May 22, as the ChatGPT maker moves toward one of the largest potential public listings, CNBC reported.
The company is working with Goldman Sachs and Morgan Stanley on the registration, though the filing could still happen in the coming days or weeks, according to CNBC and the Wall Street Journal.
OpenAI, recently valued by private investors at more than $850 billion, has been laying groundwork for a public listing that could come as soon as this year, Reuters reported.
An OpenAI representative said the company regularly evaluates strategic options as part of normal governance, adding that its focus remains on execution.
Read: OpenAI Lawsuit Dismissed As Musk Vows Appeal
The reported IPO preparation comes days after OpenAI prevailed in a lawsuit filed by Elon Musk. Barron’s reported that a California jury rejected Musk’s claims after finding they were filed too late, while Musk said he would appeal.
The possible filing also comes as SpaceX, Musk’s space company, is pursuing its own public-market plans.
