OpenAI is preparing to file for a public listing as early as this week, with the AI lab aiming for a blockbuster initial public offering as soon as September, Financial Times’ George Hammond reports. The company has been laying the groundwork for an offering expected to value it at north of $1T, working with bankers at Morgan Stanley (MS) and Goldman Sachs (GS) and lawyers at Cooley over the past few months, according to people familiar with the matter. The group could file a draft IPO prospectus as early as Friday, starting the timer on a public listing for the autumn, they added. That timing could shift depending on the market and on the performance of Elon Musk’s SpaceX, which is expected to go public next month in the biggest listing of all time, the author notes.
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