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OpenAI Set to Submit IPO Prospectus Draft by Friday for September Listing

OpenAI Set to Submit IPO Prospectus Draft by Friday for September Listing

October 12, 2026
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OpenAI, the leading force in artificial intelligence, has achieved a major milestone in its path to going public. According to recent reports from CNBC, the company plans to file its draft IPO prospectus as early as this Friday, marking a decisive move toward the public markets. CEO Sam Altman has expressed his goal of completing the listing by September 2026.

Legal Barriers Cleared, Leading Banks Join Forces

Elon Musk’s previous lawsuits against OpenAI had cast uncertainty over the company’s governance and financial structure. However, with Musk’s legal challenges now resolved, these obstacles have been lifted, allowing OpenAI to accelerate its preparations. The IPO planning has officially transitioned from theoretical discussions to concrete execution.

To ensure a seamless IPO process, OpenAI has partnered with two premier Wall Street firms: Goldman Sachs and Morgan Stanley. Leveraging their extensive resources and deep expertise in tech underwriting, OpenAI is fast-tracking the application process. Additionally, the company is currently evaluating options to allocate shares for retail investors.

A Market Giant Emerges, Potentially Breaking Historical Records

As a pioneer in the global AI revolution, OpenAI’s private market valuation has surpassed $850 billion. If the listing proceeds as scheduled, it is poised to rank among the largest IPOs in global financial history.

OpenAI has spent months ensuring strict compliance in its financial operations. CFO Sara Fleischer previously emphasized that a company of OpenAI’s magnitude must adopt the governance standards and transparency of a public entity. The prospectus filed this week represents the culmination of this strategic shift.

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