OpenAI’s IPO request is expected this week; company could reach US$1 trillion with offer, says publication

The OpenAI is preparing to file a public listing application (IPOin its acronym in English) this week, according to information from the Financial Times.

The creator of the world’s most popular artificial intelligence chatbot, ChatGPTintends to launch its public offering in September, under a valuation in the order of US$1 trillion.

It is worth mentioning that OpenAI may file a preliminary IPO prospectus as early as this Friday (22), starting the countdown to a public listing in September.

The company’s CEO, Sam Altmanhas been pushing for the startup of US$ 852 billion goes public before the Anthropicits main competitor, which is also preparing for a listing later this year.

OpenAI Chief Financial Officer Sarah Friar has advocated a more cautious approach, people familiar with the matter said.

OpenAI undergoes business ‘cleaning’

OpenAI has spent the last 12 months clearing potential obstacles to a public listing, starting with converting to a for-profit entity last year and spending the last few months scaling back costly “side projects.”

This week, the company also won a long legal battle against Musk, who sued the company and Altman for “robbing a charity” by converting to a for-profit company.

So the startup has raised about $200 billion as a private company, an unprecedented amount, but it is looking to the public markets for more resources in its battle against Anthropic.