OpenAI could file confidentially for an initial public offering as soon as Friday, a dramatically faster timeline than the artificial intelligence giant had signaled, the Wall Street Journal reported today.
The ChatGPT-maker has been working with bankers at Goldman Sachs Group (NYSE:GS) and Morgan Stanley (NYSE:MS) on a draft prospectus, with the goal of being ready to go public as early as September, people familiar with the matter told the Journal.
That is far more aggressive than what OpenAI had signaled before.
CFO Sarah Friar had reportedly been targeting a filing in the second half of 2026, with the actual listing slipping into 2027.
For public investors, the most direct read-through is Microsoft (NASDAQ:MSFT), which holds roughly 27% of OpenAI from its October recapitalization, a stake valued at about $135 billion.
An early listing would hand Microsoft a liquidity valve …
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