OpenAI has officially started the process of going public. The company filed a confidential S-1 registration statement with the SEC on June 8-9, 2026, kicking off what could become one of the most consequential tech IPOs since, well, pick your favorite.
The targeted valuation sits at roughly $1 trillion. Some reports peg the valuation above $850B with the potential to stretch to $1 trillion.
The details behind the filing
OpenAI has tapped Goldman Sachs and Morgan Stanley to manage the offering. The timing window stretches from September 2026 into Q4 of the same year, giving the company flexibility depending on market conditions.
OpenAI has indicated it may elect to keep certain operations private even after going public.
