OpenAI has filed for an IPO targeting a valuation of around $1 trillion, with analysts expecting a possible debut share price of $550 to $810.
The ChatGPT maker disclosed the confidential filing but did not reveal the offer size, share price range or listing terms. The company said the listing “may be a while” because some steps may be easier while it remains private.
OpenAI is expected to go public in September this year. If completed at the targeted valuation, the San Francisco-based AI company would enter Wall Street’s trillion-dollar club.
Analysts and private market trackers expect OpenAI’s public share price to likely debut between $550 and $810 per share. OpenAI has not confirmed that range.
The filing comes weeks after Anthropic AI filed for a public listing. The Anthropic earlier raised $65 billion at a valuation of $965 billion.
OpenAI raised $110 billion at a valuation of $840 billion earlier this year. The wider AI listing wave also includes Elon Musk’s SpaceX, which has filed for an IPO at a fixed price of $135 per share. The company seeks to raise $75 billion at a valuation of $1.75 trillion.
Nvidia as the most valuable company at $5.05 trillion, followed by Apple at $4.43 trillion and Alphabet at $4.41 trillion.
Retail investors who want possible IPO access generally need a brokerage account or stock trading app that offers IPO participation. Not all brokers provide access to every IPO.
Investors usually must complete account verification, including identity checks, bank details and tax information.
Read: SpaceX IPO Valuation Cut To $780 Billion By Morningstar
After verification, users can check whether the OpenAI IPO becomes available through the broker’s IPO section. Some offerings remain limited to institutional investors at first.
If the IPO is available, investors can apply for shares by entering the number of shares they want, subject to the broker’s terms.
Share allocation is not guaranteed. Investors may receive all, some or none of the shares requested.
If shares are allocated, they usually appear in the brokerage account after listing. Investors can then hold or sell them once trading begins on the stock market.
This entire process depends on the final IPO structure, broker access and regulatory approvals. OpenAI has not yet disclosed final pricing, listing date or allocation rules.
