Tech giant OpenAI files for US initial public offering
Summary
OpenAI, the company behind ChatGPT, has secretly filed paperwork to sell shares to the public in the United States through an initial public offering (IPO). The company has not shared details or a schedule but aims to raise a large amount of money, potentially valuing the company at up to $1 trillion.Key Facts
- OpenAI filed confidentially for a U.S. IPO but did not disclose size, price, or timing.
- The company may delay the IPO because it finds some work easier as a private company.
- Reuters reported the IPO could happen as soon as September with a $1 trillion valuation.
- OpenAI’s early investors include Microsoft, SoftBank, Amazon, and Nvidia.
- OpenAI reported roughly $2 billion monthly revenue and very fast growth compared to tech giants like Google and Meta.
- Originally founded as a nonprofit in 2015, OpenAI also created a for-profit arm in 2019 to fund AI development.
- In 2024, OpenAI changed to a public benefit corporation to raise more money and loosen nonprofit rules.
- Elon Musk sued OpenAI, claiming misuse of its nonprofit status, but a jury ruled in favor of OpenAI in May 2025.
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