OpenAI, the creator of ChatGPT, confidentially submitted a draft S-1 registration to the SEC for an initial public offering. The company confirmed the filing but has not determined the specific timing or terms. This move follows months of preparation for one of the most anticipated market debuts in years.
The filing comes one week after rival Anthropic submitted its own IPO paperwork. This listing represents a major milestone for Microsoft, which maintains a substantial stake in the AI leader. The offering will serve as a primary test for public market valuations of generative AI firms.