OpenAI Files SEC Paperwork To Go Public
"We expect it to leak so we're just announcing it."
Exactly a week after Anthropic announced its plan to go public, OpenAI has followed suit. The company said on Monday that it confidentially submitted a S-1 form with the Securities and Exchange Commission. No date or offer price has been set by OpenAI yet for the initial public offering.
"We recently submitted a confidential S-1. We expect it to leak so we're just announcing it. We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it's a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best," the company wrote on its website.
As the date of the public offering gets closer, it will give journalists and financial analysts...
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