OpenAI has confirmed that it has filed for its initial public offering (IPO) just a week after Anthropic.
In a brief blog post today, OpenAI says that it has submitted a confidential S-1 form, the first step towards an IPO on the stock market. The announcement, as OpenAI says, comes as it “expect[s] it to leak, so we’re just announcing it.”
The timing of the IPO is undecided, but OpenAI says it “may be a while because there are things that we want to do that are likely easier as a private company.”
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. But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.
TechCrunch notes that OpenAI was recently valued at $852 billion, a bit less than competitor Anthropic, valued at $965 billion, which also just filed the same S-1 form.
