OpenAI Prepares Confidential IPO Filing With SEC by May 22; Valued Above $850 Billion

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According to CNBC, OpenAI is preparing to confidentially file a draft IPO prospectus with the U.S. Securities and Exchange Commission as soon as May 22. The company is valued at more than $850 billion by private investors, setting up one of the biggest market debuts.

OpenAI is working with Goldman Sachs and Morgan Stanley on the filing, which could be submitted within the next few days or weeks.

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