TechFlow News, May 30: According to sources familiar with the matter, OpenAI has discussed arrangements for participating in its future IPO with Citigroup and JPMorgan Chase.
The report states that Citigroup and JPMorgan Chase may join Goldman Sachs and Morgan Stanley in supporting OpenAI’s IPO preparations. However, these discussions do not guarantee that the aforementioned institutions will ultimately be included in the underwriting syndicate; other investment banks may still join later.
Earlier reports indicated that OpenAI plans to confidentially submit its IPO registration documents to regulators in the near term, with Goldman Sachs and Morgan Stanley already assisting in drafting the prospectus. Some insiders suggest the company could begin its listing process as early as September this year, though the exact timing remains uncertain.
In terms of market expectations, Polymarket data shows traders estimate a roughly 29% probability that OpenAI will complete its IPO by the end of September this year, and approximately a 70% probability it will go public before year-end.
If successful, OpenAI’s IPO would likely rank among the largest in the global artificial intelligence industry in recent years.
