Artificial intelligence giant OpenAI has made a substantial breakthrough in its listing process. According to the latest report from CNBC, the company is expected to submit the draft prospectus for its initial public offering (IPO) as early as this Friday, taking a critical step toward the capital market. CEO Sam Altman said he hopes the company can complete the listing as early as September 2026.

Legal Hurdles Removed, Top Investment Banks on Board
Previously, Elon Musk had launched a series of lawsuits against OpenAI, which posed potential threats to the company's governance structure and financial arrangements. With Musk's legal setbacks, the legal obstacles facing OpenAI have been temporarily removed, and the company has subsequently accelerated its preparations, officially moving the IPO planning from the expectation phase into the clear execution phase.
To ensure the smooth progress of this IPO, OpenAI is engaging in in-depth cooperation with two top Wall Street investment banks, Goldman Sachs and Morgan Stanley. Relying on these institutions' extensive resources and underwriting experience in the technology sector, OpenAI will accelerate the subsequent application process, and the plan to reserve shares for retail investors is also under consideration.
The Super Giant Appears, Possibly Setting Historical Records
As a leader in the global AI wave, OpenAI's latest valuation in the private investment market has exceeded $850 billion. If this public listing proceeds smoothly according to the planned schedule, it will undoubtedly become one of the largest initial public offerings in the history of the global capital market.
In fact, OpenAI has been preparing for compliance in its financial operations for several months. The company's Chief Financial Officer, Sara Fleischer, had previously clearly stated that a company of OpenAI's massive scale must operate more like a publicly traded company in terms of daily governance and external image. The draft submitted this week is the final implementation of this strategy.
