TechFlow news, May 21: According to a Wall Street Journal report, OpenAI is collaborating with investment banks including Goldman Sachs and Morgan Stanley to prepare for filing its initial public offering (IPO) application in the coming days or weeks.
According to sources familiar with the matter, the banks are assisting OpenAI in drafting its prospectus, which is expected to be confidentially submitted to regulators shortly—potentially as early as this Friday. OpenAI aims to launch its IPO as soon as September this year, though the timeline remains subject to change.
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