OpenAI IPO: Company Eyes Speedy Public Offering

OpenAI is reportedly aiming for a speedy initial public offering. The company is preparing to confidentially file for a U.S. IPO in the coming weeks. What's interesting is this plan comes shortly after OpenAI fended off a legal challenge. An IPOX Vice President stated that resolving this legal issue likely gave OpenAI the confidence to accelerate its timeline. OpenAI is aiming to go public as early as September and is working with Goldman Sachs and Morgan Stanley. The company was last valued at $852 billion. Timing its filing close to SpaceX's IPO may also take some scrutiny off OpenAI and allow it to tell its own story. This news could impact the market for anticipated blockbuster listings in the year ahead.